Sp. Called Meeting - August 5, 2026

United Independent School District’s special-called board meeting on August 5, 2026, focused on the district’s cash-flow shortfall, proposed borrowing, and the 2026–27 budget. Staff presented a plan for a $30 million tax and revenue anticipation note to cover operating expenses after TEA reduced the district’s state funding cash flow by about $38 million, citing lower enrollment and attendance. PNC was identified as the prospective lender; estimated issuance costs were approximately $103,400. Staff discussed repaying the borrowing by February, potentially offsetting some interest through investment earnings, and the possibility of a second loan in April. The financing item was for information and discussion; no vote approving the loan was recorded. Public comments and trustee discussion emphasized the need for prompt spending reductions, transparency, and an efficiency audit.

Staff also previewed a proposed 2026–27 budget for consideration at a later meeting, including a proposed tax rate of $0.61 and projected property values of $30.5 billion. The discussion covered holding vacancies, limiting extra-duty and overtime costs, a possible hiring freeze and reduction in force, further school consolidations, and appraisals or potential sale of district properties; staff said they aimed to reduce the budget by approximately $40–45 million over time. No procurement contract award or budget adoption was recorded. Separately, the board approved Gilbert Moreno’s appointment as principal of United High School.