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Presentation. Plano Metro Rotary Club June 22, 2011. Agenda. The Financial Picture Academic Performance Future of Education. State Funding Shortfall Impact on Plano ISD. 2011-12 M&O shortfall $25 million 2012-13 M&O shortfall $36 million 2011-12 Budgeted Revenue $446 million

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  1. Presentation

    Plano Metro Rotary Club June 22, 2011
  2. Agenda The Financial Picture Academic Performance Future of Education
  3. State Funding Shortfall Impact on Plano ISD 2011-12 M&O shortfall $25 million 2012-13 M&O shortfall $36 million 2011-12 Budgeted Revenue $446 million Already includes a $26 million cut
  4. Fund Balance Reserves Estimated at $141 million (includes $8 million from EduJobs) Policy requires $106 million Cash flow requires $120 million
  5. Financial Strategy Options 1- Do Nothing No raises No staff increases Absorb growth Fund shortfall from fund balance ($18 million)
  6. Financial Strategy Options 2- Make additional reductions Increase secondary class sizes by 10 students per teacher over the course of the day to save $4 million Reduce insurance benefits to save $1.6 million Fund shortfall with $12.4 million from fund balance
  7. Financial Strategy Options 3 – Have a tax rate election (TRE) First 2 cents = $3.5 million per penny Next 11 cents = $1.6 million per penny Total of 13 cents = $25.1 million
  8. How much does a TRE generate?

  9. How did Texas get to this point?

    Is this a cost or a revenue problem?
  10. Does Texas spend too much? Texas is 43rd in expenditures per student Texas spends $8350/student This is $1159 (12%) less than the national average of $9509/student (www.febp.newamerica.net/k12/TX) Texas poverty rate is 56% above the national average Texas’ percentage of students on free/reduced lunches is 15% above the national average Texas’ percentage of English language learners is 88% above the national average Texas ranks 50th in state expenditures per resident
  11. Are public schools inefficient?

  12. What happened to State Revenue?

    What changed?
  13. Revenue Changes 2006 Reduction in real estate taxes took 1/3 of school finance revenue out of the system 2006 law took all of the property wealth growth out of the education system & moved it to the state’s general fund. Texas Franchise Tax did not generate enough new tax revenue to replace the loss in R/E taxes. The legislature supplanted billions in education funding with one-time stimulus funds in 2009-10. Oil & gas tax income to the state has been dropping for decades.
  14. Conclusion This is NOT a cost problem. This is a revenue problem. What are we doing about it? Educating community and staff Advocating with legislators Preparing a variety of budget cutting scenarios What can you do about it? Send a clearly different message to legislators
  15. Solution Message: Return local control back to the communities that own the schools. Create a new funding system Mandated dependence upon state funding makes it difficult to maintain community’s expectations and impossible to generate local revenue to support schools. (Less than 7% of funding is controlled locally.) Give communities the chance to choose to pay more and use all of it locally to have more.
  16. Agenda The Financial Picture Academic Performance Future of Education
  17. Data Dashboard Defines several measures of quality Compares PISD to other neighboring districts Located at www.pisd.edu
  18. College Readiness
  19. College Readiness
  20. College Readiness
  21. College Readiness
  22. Financial Indicators
  23. Financial Indicators
  24. Student Assessment & Achievement
  25. Student Assessment & Achievement
  26. Agenda The Financial Picture Academic Performance Future of Education
  27. Future of Education
  28. What does it mean? We have to educate our children differently than we were educated. Schools and universities are are still using a model that is 100+ years old. We have to transform our system into one that prepares our children for their future, not our past. We must continue to innovate even in the midst of our financial challenges. Our community expects us to thrive, not just survive.
  29. What are we doing to innovate? Creating Schools of Choice (i.e. academies) that will be based upon either a unique content focus and/or a different learning style. The mission of Plano ISD academies is to engage students in a rigorous, distinct project-based curriculum, inspiring creativity and empowering them to collaborate and compete globally. Leveraging the lessons learned from these Schools of Choice into the traditional system
  30. Innovating Education

  31. Questions & Answers

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