School district sets new budget, tax rate Posted in: News The Elgin ISD school board adopted the budget and tax rate for the new school year during their August meeting last Monday. Appropriations for the 2019-2020 school year total $57,470,417. A little over $46 million of the budget will be used for the operating fund, which pays for faculty and staff compensation, transportation and more. General fund appropriations increased by about ten percent in this new budget as a result of new staff and raises, funded by increased revenue from the state. Likewise, revenue for the general fund is budgeted to increase by 10.3 percent, mostly as a result of increased state aid ...PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!