Last Monday, the Germantown Board of Mayor and Aldermen (BMA) voted on the second reading to approve the budget for FY2021. In the FY2020 budget, $5 million was allocated and approved for an expansion of Houston Middle School. Construction of a secure entrance was included in this project, as Houston Middle is the last school remaining in the district without a secure entrance. The city administration cut this funding the last few months. There is no money budgeted for the Houston Middle expansion in FY2021. This has been moved to FY2022 and the funding has been cut from $5 million to $2.5 million from the city.
Included in the FY2021 budget is $10,000 of earnest money and $40,000 for due diligence on the purchase of land in Crestwyn Hills for the development of a soccer (long fields complex). The estimated cost of acquisition of the land is $2.5 million and targeted for FY2022.
Additionally, the city is no longer funding the approximately $350,000 annual settlement to Shelby County, that was a condition of forming our school system. While this was an obligation owed by GMSD, the city had funded this since the inception of the district.
The final reading of the budget will be during the August 24 meeting of the BMA.