Wichita Falls, TX -
The Wichita Falls Independent School District's Board of Trustees voted unanimously Wednesday to approve its $118 million budget for the 2014-15 school year. The new budget will lower residents' taxes, seven cents per $100 home value and the school system's estimated 2,000 employees all received a three percent pay increase.
"Since the bond election failed, the debt services roll off and taxes are going down," said Trey Sralla, WFISD Board President.
Sralla said the district's new starting salary for teachers is now $39,000. The average teacher salary in Texas is $40,000. "We want to become the regional employer for Wichita Falls and this is one way to get there," said Sralla. All district employees will receive an additional $26 per month toward their health insurance. The district also increased its master degree stipend by 25-percent.
The new budget and tax rate will go into effect September 1.
According to WFISD board president Trey Sralla the district was in a surplus year. He said all programs are funded and the board and administration are happy to find a way to provide pay increases for its staff and teachers.
Sralla said while the district experienced a surplus year, facility needs have not changed and the board will likely begin talks about a new bond soon.