"I'm so grateful for the community's support of Proposition A, which will help the district retain the educators and staff whose talents underpin everything we do at Austin ISD," said AISD Board President Arati Singh.
The influx of funding will be financed by a 9.1-cent increase in the tax rate for every $100 of a property's taxable value. For the average Austin home - valued at $553,493 - this will result in a $412 annual increase in AISD property taxes.
The district will receive approximately $41 million annually from the increased tax rate, with around $17.8 million allocated for a staff compensation plan that includes market adjustments, particularly benefiting the most experienced teachers.
Around $20 million will be allocated to rebuild the district's reserves and reduce the $92 million deficit. An additional $3.2 million will directly enhance campus support, including hiring educational specialists and expanding mental health services for students.
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