Attachment #3-Summary Presentation

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FY2016 Budget Assumptions Highlights • The budget assumptions are used to develop the revenue and expenditure estimates for the preliminary budget • Currently assumes SB1 revenue per WADA compressed rate $5,835 for FY2015 and $5,710 for FY2016 ▫ Future legislative action could change in FY2016 and FY2017 • Assumes decrease in student enrollment. Demographer projections will be finalized in January and reevaluated • Assumes 5.56% increase in property taxes ▫ ▫ ATTACHMENT 3 Statutorily bound to use certified appraisal amounts which are typically conservative. Projected values will change based on certified values provided by the Chief Appraiser in April (preliminary) and late July (final) 4 Austin Independent School District
FY2016 Budget Assumptions (continued) • Assumes current tax rate will decrease to $1.202 unless otherwise directed (M&O $1.079, I&S $0.123) • Alternative scenarios can be presented separately if/as the Board contemplates a possible Tax Ratification Election (TRE) in June 2015/2016 or November 2015/2016 Tax Rate FY2014 FY2015 FY2016 Total Tax Rate per $100 of Taxable Value $1.242 $1.222 $1.202 M&O Tax Rate (Operations) $1.079 $1.079 $1.079 I&S Tax Rate (Debt Service) $0.163 $0.143 $0.123 ATTACHMENT 3 5 • 99% collection rate based on three-year average • Assumes current program for local and historic exemptions ▫ Estimates will be revised if the Board takes action to modify or eliminate the historic exemption program based on the actions taken by the city Austin Independent School District
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Page 13: Continuous Budget Planning (cont.)

Attachment #3-Summary Presentation

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