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School Finance Update #28 on Legislative Session

School Finance Update #28 on Legislative Session. House Bill 604 -> Equity Funding House Bill 5 -> The What if Funding. TEA’s Proposal for 12.5% Cut. Reduction to school districts Between $811,667 and $6,395,711 Depending on TEA Proposals. Potential Budget Cuts affecting LISD.

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School Finance Update #28 on Legislative Session

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  1. School Finance Update #28 on Legislative Session House Bill 604 -> Equity Funding House Bill 5 -> The What if Funding

  2. TEA’s Proposal for 12.5% Cut • Reduction to school districts • Between $811,667 and $6,395,711 • Depending on TEA Proposals

  3. Potential Budget Cuts affecting LISD • (1) ADA Funding = Reduction in Basic Services • (2) NIFA Funding = Reduction in new furniture for new replacement schools • (3) CATE allotment = Reduction in CATE funds • (4) State Comp weight = Reduction in state comp. funds

  4. Potential Budget Cuts affecting LISD • (5) Bilingual allotment and reduce the CATE weight. = Reduction in bilingual funds • (6) Transportation and gifted and talented allotment by 50% = Reduction in transportation costs and GT funds

  5. Possible Contingency Plan • Budget Freeze May 1st • Restrict Travel • Reduce allocation to schools by reduction in allotment (after legislative session) • Eliminate programs not needed • Possible reduction in force

  6. Update on House Bill 604 • Provides for a complete sunset of • CH 41 –Robin Hood • CH 42 –Equalization • CH 45 – IFA • CH 46 –EDA Makes changes in school funding

  7. Update on House Bill 604 • Provides for 3% for 2 year guarantee of increased funding on a per student basis • No formal financial plan yet established.

  8. Upcoming events and Follow up • Watch Committee Meetings on HB 604 and HB 5 • Possibly provide testimony on problems with HB 5 and HB 604 • Watch for consolidation of these bills. In other words, watch the problems with HB 604 and new good things of HB 5 • Make sure that we do not settle for one time increases that appear good, but lack Equity and Adequacy • Let’s do not mortgage the future for a quick dollar today…..

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