During Monday’s Corsicana ISD Board Meeting, trustees approved a modest raise for staff, helping to offset additional insurance costs. The unanimous vote meant raises of 2% or $600, whichever is greater, for all of the district’s almost 900 employees.
Out-of-pocket insurance premiums are increasing $46 per month for employees choosing the basic plan this year.
“Our employees are the backbone of our local public school system and passing on rising costs for healthcare to them is unacceptable, even in a deficit budget year,”
Superintendent Stephanie Howell said. “There could be a day in the future we can no longer assist in this manner, but we are thankful the board took a stance for our staff this year.”
Executive Director of Finance Sean Kays had previously reported a forecasted deficit of almost $1.6 million for the district. The raises will add $865,000 to that deficit, pushing the forecast to just under $2.5 million for the 2026-2027 school.
Last year, trustees approved a $2.3 million deficit budget. Kays informed trustees on Monday that after diligent efforts across the district to control spending and make wise business decisions, that deficit should be less than $500,000 by the time the fiscal year ends Aug. 31.
The district has 113 days of fund balance, more than $22 million. The state requires districts to maintain at least 90 days worth of balance. Any remaining deficit balance this year will covered by the fund balance.
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