Allen ISD has adopted a budget despite the Texas Legislature continuing into special session.
The district adopted a deficit budget for the 2023-24 year, with a $218.1 million revenue line and $227 million expenditure line. Allen ISD Chief Financial Officer Brian Carter told the Allen ISD Board of Trustees at the meeting that despite a significant rise in inflation, the state has not increased the basic allotment for several districts.
“There will be some additional revenue for districts that had a voter approved tax rate election, an increase in average daily attendance, but there's not enough to combat the recent inflation,” Allen ISD Finance Director Lance Rainey told the Allen American. “Since 2019, inflation has been over 17%. There's not enough revenue addition to combat inflation by any means.”