Devine ISD adopts $20.4 million budget for 2024-2025 fiscal year

By Anton Riecher
The Devine Independent School District school board voted 5-0 Monday to adopt a budget of $20.458 million for the 2024-2025 school year, an increase of $1.194 million from the previous year.
“After month and months and lots of discussion and lots of questions we’re going to adopt our 2024-2025 budget tonight,” director of finance Shannon Ramirez said.
Of the seven-member board, only board president Nancy Pepper, board secretary Keri James, and trustees Carl Brown, Alixana Buvinghausen and Renee Frieda were present for the vote.
Action on a tax rate to support the new budget is not expected until August, Ramirez said. The projected maintenance and operations rate would be $.7115 compared to $.7270 supporting the current budget.
However, that M&O rate could be compressed to $.6315 under a property tax initiative pending action by the Texas Legislature in July, Ramirez said.
The projected interest and sinking fund rate is $.2400 with the application of this year’s voter approved bond issue. That is equal to I&S under the current budget.
Projected revenue from local taxes is just over $5 million, Ramirez said. State funding is expected to be…