Wilson County News July 3, 2012 | 2,365 views | 4 comments
LA VERNIA -- In an effort to maintain staff amid uncertain state funding and a booming local job market, members of the La Vernia Independent School District (ISD) board of trustees have approved a one-time stipend. The unanimous decision came during the board’s June 28 budget workshop.
According to the motion read by board President Michael Jendrusch, anyone employed with the district on or before Aug. 15, who stays employed with the district on that date, will receive a one-time payment in the amount of 5 percent of their annual salary. These payments are less applicable salary taxes and withholding.
Superintendent Tom Harvey said following the meeting that an estimated $695,257 would be allocated from the district’s fund balance. This figure still is preliminary, as hiring continues and several retirements were pending, Jendrusch said after the meeting.
Also during the meeting, the board discussed preparation of the fiscal year 2013 budget. Harvey said that during the 2011-12 school year, an estimated $6.9 million of local tax revenue contributed to the district’s approximately $22 million budget. For the upcoming school year, he said that local tax revenue could reach $7.5 million. The superintendent attributes this increase to new value from a handful of new homes, along with tax dollars generated from a Whataburger restaurant that opened in March and an H-E-B supermarket that opened in 2011.
The budget will pay the cost of educating what Harvey estimates will be 3,083 students district-wide. The district’s state funding is based on its weighted average daily attendance, which Harvey estimates will be 2,198 students.