The Dripping Springs Independent School District Board of Trustees has approved the district’s budget this week for the 2022-2023 fiscal year.
The new DSISD budget of $101 million includes a $20 million recapture payment, which is a system of school finance implemented in 1993 by democrat Governor Ann Richards. It takes local tax dollars paid into “property wealthy districts” and reallocates them to other districts around the state deemed to be more in need. The new DSISD budget also includes nearly $67.5 million for payroll for more than 1,000 district employees. The budget includes the following compensation plan:
-7% raise for Teaching staff (based on median teacher salary)
-7% raise for Auxiliary/Clerical hourly staff (based on pay grade midpoint)
-4% raise for Administrative/Professional staff (based on pay grade midpoint)
-The adoption of a minimum $15 per hour wage for all hourly staff
Recapture and payroll combine to account for 86.5% of the budget, which will go into effect on July 1, 2022.
The tax rate for the 2022-23 year will be adopted no later than September 30.
