SOUTHLAKE -- Carroll school district officials have proposed an $80.2 million budget that includes an initial shortfall of $4.56 million.
But the district expects to earn $1.9 million in rebates from the Build America Bonds program next year, which would help offset the shortfall.
Carroll also expects to receive a $2 million grant from the State Energy Conservation Office for installing solar panels at a middle school opening this month.
Trustees asked administrators to find $622,000 in additional savings.
While the district has about $29 million in savings, using these other funding sources would mean it would not need to tap its savings for fiscal 2012, board President Read Ballew said during Monday's budget workshop.
While the budget does not include raises for employees, trustees discussed using some or all of an expected $685,000 solar energy rebate from Oncor Electric to give employees a one-time payment or stipend. In June, trustees approved a resolution that is required before the district can give a supplemental payment to employees.
Trustees agreed Monday to call a public hearing and vote on the budget Aug. 29.
The biggest expense in the budget is a larger payment to the state under the Robin Hood program, from $12.5 million this year to $15 million.
The district expects state funding to decrease about $8.25 million over the next two years.
Jessamy Brown, 817-390-7326