A significant portion of Austin ISD's funding will leave the district as a recapture payment to the state. It's set to pay about $845 million this year.
A significant portion of that funding will leave the district as a recapture payment to the state. The system was started in the 1990s with the goal of transferring money from property-wealthy school districts to districts that do not get as much money from property taxes.— paying more than the next three districts combined. It's set to pay about $845 million to the state this year. That's much more than the district anticipated because local property values soared.
The district is confronting this massive recapture payment while also facing a high turnover rate. During the 2021-2022 academic year, 2,106 employees resigned. More employees left last year than during each ofAustin ISD is recommending wage increases for bus drivers, librarians and — of course — teachers. It has proposed a $1,000 base pay increase for teachers and a 2% midpoint raise, meaning the raise is based on the middle of the pay range for that pay grade.
Zarifis said Austin ISD also needs to raise the minimum wage to be competitive with other employers, especially because the City of Austin may be“The reality is that more money has to go to the workers who are making AISD function," he said. "Having a balanced budget isn't always the priority when [most] of your budget is employees and they're struggling to survive," Zarifis said.
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