News From Dr. Cruz: Investing in Our Students and Staff

Team AISD:

As the end of the school year rapidly approaches, our Board of Trustees and administration are working to develop the AISD budget for the 2017-2018 academic year.

Despite our thriving economy and rising property values, we face fiscal constraints, and we are projected to send more than $400 million of our property tax revenue to the state under the recapture provisions of the school finance system.

I am proud to say that even as we find ourselves in a tight financial situation due to the state's school finance system, we were still able to recommend investing more in our employees. Our recommendation includes:

  • A 1.5 percent increase to all employees' base salary.
  • Increased district healthcare contribution from $524 to $545 per employee that helps offset rising costs.
  • The total compensation increase amounts to more than $11 million.

Earlier today AISD’s Chief Human Capital Officer Fernando Medina and Education Austin President Ken Zarifis posted a Facebook video about the proposed budget. View it here if you have a chance.

The recommended budget must still be presented to and approved by the school board before it is final.

Thank you for all that you do for the students of Austin ISD. Thanks to you, extraordinary accomplishments are happening every day in our district.

Paul Cruz, Ph.D.

 Photo, tweet and celebration of the week.