The Prosper ISD Board of Trustees has taken the first formal step in the search for the district's next superintendent.

The Board heard presentations from executive search firms as part of the process to identify and hire a new leader for the district. The presentations mark the beginning of what will be a thorough, community-centered search following Superintendent Dr. Holly Ferguson's announcement that she intends to retire in January 2027.

Dr. Ferguson has served Prosper ISD during a period of significant growth, guiding the district as it expanded to serve approximately 34,000 students. Her leadership has been instrumental in shaping the district's culture and strategic direction.

The Board took no action to select a search firm at this time but will continue to pursue a partner to lead the process of identifying qualified candidates. Additional details about the search timeline and opportunities for community input will be shared as they become available.

Prosper ISD remains committed to a process that reflects the values and priorities of the community as the district prepares for its next chapter of leadership.

The Board approved Dr. Ferguson's exit agreement by a vote of 7-0.

11. A. The administration will provide a report on current student enrollment

11. B. The administration will provide a report on Bond 2023 construction projects

11. C. The administration will provide a quarterly financial update

The Department of Business Services presented a strong 2nd Quarter Financial Update for 2025–2026. The district's investment portfolio has grown to $778.5 million — up from $677.4 million the previous year — reflecting sound fiscal stewardship. General Fund revenues and expenditures are tracking on pace with budget expectations, and bond projects across the district continue to move forward, with several 2019 Bond campuses nearing completion and 2023 Bond projects well underway.

11. D. The administration will provide a report on the preliminary 2026-2027 budget

CFO Keri Croy presented the Board of Trustees with a first look at the proposed 2026–2027 budget. Projected revenue of $419.2 million reflects an increase of more than $21 million over the current year; however, projected expenses total nearly $434 million, resulting in a preliminary deficit of $14.5 million — even after the district has identified $21.5 million in potential savings. The preliminary budget includes a 3% raise for all district personnel.

This is an early snapshot, and the numbers will shift. The next budget update will come in May, when updated taxable property values from Denton and Collin Counties give the district a clearer revenue picture. Formal budget adoption is anticipated in June.

13. A. Consideration and possible action authorizing the remarketing of PISD’s Adjustable Rate Unlimited Tax School Building Bonds, Series 2019b

Approved by 7-0 vote

Approved by 5-1 vote

15. A. Consideration and possible action regarding hiring contract personnel

Motion passed 7-0 vote

15. B. Consideration and possible action regarding approval of the terms of the Superintendent’s resignation and retirement

Motion passed 7-0 vote

15. C. Consideration and possible action regarding hiring Superintendent Search Firm

No action taken

A consent agenda shall include items of a routine and/or recurring nature grouped together under one action item. For each item listed as part of a consent agenda, the Board shall be furnished with background material.

The Board approved the Consent Agenda as presented (6-0 vote)
12. A. Approve the minutes of prior meeting(s): March 9, 2026 and March 30, 2026
12. B. Consideration and possible action regarding approval of Library Material Procurement List as recommended by the School Library Advisory Council
12. C. Consideration and possible action regarding interlocal agreement between Collin County Governmental Purchasers Forum and Prosper ISD
12. D. Consideration and possible action regarding interlocal agreement between Region 4 Education Service Center and Prosper ISD
12. E. Consideration and possible action regarding the interlocal agreement with the Town of Prosper and their recommended contractor of the Legacy Road project
12. F. Consideration and possible action regarding approval of Local Restaurant, Fast Food, Food Trucks, and Catering Extended Opening bid
12. G. Consideration and possible action regarding a resolution authorizing sale or exchange of real property
12. H. Consideration and possible action regarding Certification of Provision of Instructional Materials Survey
12. I. Consideration and possible action regarding approval of Records Management Officer and Records Management policy

There were no speakers for public comment.

• May 18 - Regular School Board Meeting
• May 20 - Last Day of School
• May 21 - Prosper High School Graduation, 9:00 am
  - Rock Hill High School Graduation, 7:30 pm
• May 22 - Richland High School Graduation, 9:00 am
  - Walnut Grove High School Graduation, 7:30 pm

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Public Comment Form

The Prosper ISD Board of Trustees welcomes public comment at Board meetings. In order to provide an efficient process at the Board meetings, we ask that individuals complete the Public Comment Form and submit it no later than noon on the Friday before the meeting. The Notice of Meeting/Agenda is posted three business days in advance of the Board meeting.

From left, Secretary Tommy Van Wolfe, Kelly Cavender, David Webb, Vice President Dena Dixon, Garrett Linker, President Bill Beavers, and Jorden Dial.

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