Listen to the BISD August 12, 2025 School Board meeting for key discussions on district finances, the VATRE, and compensation plans.

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• 1:37 - Steve Perry discusses status of the district financially, our credit rating, our fund balance etc.

• 2:33 - Darrell discusses the budget, golden penny adoption, and how the budget will work is the vatre passes or doesn’t pass (VERY IMPORTANT)

• 2:40-44 - Steve Perry/Darrell/Clay explain the VATRE/additional info on golden pennies and value of a golden value/what the VATRE can be used for (this is where they called for the VATRE)

• 2:45-50 - Capital Improvement Bond to increase debt by $39 mil w/o raising tax rate- very good conversation

• 2:53 - Christy Johnson reviews compensation plan for the district- this is important to understand the state’s contribution, the district’s contribution etc. There is a 5% contingency BUILT IN for raises should the VATRE pass. Please continue listening as the board members discuss scenarios for what the raises could be IF the VATRE passes…