MFISD trustees hear fiscal briefing

financial news. Monday the board heard that the district finished April in the hole and doesn’t yet know what to expect from the Texas Legislature.

The district has collected $53,940,206 of its expected $62,407,000 in revenue this fiscal year, or about 85.45 percent of the budget. The fiscal year begins in June.

Of that, $53,433,000, or 66.435 percent, has come from local taxes. The other big contributors to the budget are state programs and federal revenues. State programs have put $3,683,185 into the district coffers so far this fiscal year; the federal government has kicked in $91,568.