HISD budget shortfall may mean tax hike

February 24, 2011 4:52:40 AM PST
The Houston school board will meet to discuss next year's budget. This is a hot button issue for the district as it awaits a big budget cut as a result of the state's nearly $15 billion shortfall. The board will meet to discuss how it will handle what is being called a budget crisis. It has already discussed layoffs and other cuts and today it is expected to discuss possibly a potential hike in property taxes.

The state is expected to cut funding to HISD by at least $200 million dollars, sending the district scrambling to find ways to make up for the loss. On the table are hundreds of layoffs. Plus, HISD is also deciding whether to make big cuts to its 113 magnet school programs.

Today, the board is expected to discuss increasing your property taxes to help balance its budget and it could also include abolishing the Homestead exemption. That's the discount many Houstonians are now taking advantage of.

HISD Superintendent Dr. Terry Grier says this is the worst state budget crisis in recent memory and they must consider everything possible.

"Last year, we eliminated approximately 400 central office positions and you're going to see more central office positions eliminated again this year," he said.

The meeting will get underway at 7:30am. We will be there and have the latest on how the students and your pocketbook will be affected.