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Former KISD board candidate highlights district's finances | Education


A former Killeen ISD school board candidate is shining a light on the school district’s finances — finding the district, on average, has had a decade-long pattern of banking $10 million to $20 million annually in the district’s strategic facilities fund.
During the KISD school board meeting on April 27, former board candidate, and KISD alumnus, Stanley Golaboff, highlighted the district’s practice of “constantly overestimating expenditures and underestimating revenues.”
School board members did not respond to Golaboff’s public forum speech, as it is against board policy to comment on anything that is not an agenda item during a meeting.
“Understanding the pattern is almost as important as understanding how it is accounted for in the budget,” Golaboff told the board. “Surplus transfers are counted as expenditures. By doing it this way, the surplus is baked into the discussion when discussing the next year’s budget a ....

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