CYPRESS — The Cypress-Fairbanks ISD Board of Trustees adopted the 2021-2022 budget in the amount of $1,086,291,898 during its regularly scheduled meeting on June 24. The proposed budget was presented during the June 21 committee-of-the-whole meeting.
The general fund budget includes local revenues of $563,251,591, state revenues of $414,378,331 and federal revenues and other sources of $20,200,000. CFISD’s total revenues amount to $997,829,922.
The estimated, proposed tax rate for 2021-2022 of $1.3356 is a decrease of 1.99 cents from the 2020-2021 school year, with the Maintenance & Operations (M&O) Tax rate at $0.9256 and the Interest & Sinking (I&S) Tax rate at $0.41. The 2021-2022 tax rate is scheduled to be adopted at the September 2021 board meeting.
CFISD plans to provide raises for all staff for the 10th consecutive year.
Cypress-Fairbanks ISD’s 2021-2022 budget proposal calls for:
- a salary increase of 5% on the greater of midpoint or base for all staff;
- two $500 stipends for hourly and paraprofessional staff, one to be paid in the fall semester and the other to be paid in the spring semester; and
- an increase in the teacher starting salary from $56,000 to $58,500.
In addition to payroll and other administrative costs, the 2021-2022 budget proposal provides for hotspot Wi-Fi and Amazon Web Services and a net increase in Teacher’s Retirement System of Texas (TRS), software licenses, consultants and other miscellaneous increases.
View the complete 2021-2022 budget presentation on the CFISD website.