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You are receiving this information because you are subscribed to Public School Funding Updates for the Texas Education Agency (TEA).
Please do not reply to this message. This is a broadcast email sent to all Foundation School Program (FSP) State Funding bulletin members.
The SY 2024-2025 preliminary summary of finances (SOF) reports now incorporate:
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Preliminary tax year 2024 property values from the Comptroller’s Property Value Study (line 8)
- Total tax year (TY) 2024 M&O and I&S tax rates from the Comptroller’s self-report (lines 9 and 13)
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Final TY 2024 maximum compressed tax rates from the 2024-2025 Local Property Value Survey (line 11)
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NIFA Allotment for districts with approved applications (line 38)
- Excess Local Revenue module data for Chapter 49 (recapture) districts (line 58)
- Frozen levy before and after compression (TEC, Section 48.2542)
As communicated in the To The Administrator Addressed (TAA) letter dated January 28, 2025, the Texas Student Data System (TSDS) PEIMS Fall resubmission deadline was extended to February 6, 2025. As a result, budgeted TY 2024 M&O and I&S tax collections from the PEIMS Fall submission #1 (lines 12 and 14) will be incorporated into the SOF reports in March 2025 instead of February 2025. See the forthcoming updates described below.
Action Required: These changes impacted LPE (and DPE) and will affect your district’s cashflow. Please review your district’s SOF report carefully for accuracy, especially your district’s self-reported total M&O tax rate shown on line 9. If you find a discrepancy and believe a correction is needed, please contact taxprograms@tea.texas.gov with an explanation and any relevant documentation (e.g., signed board resolution with adopted tax rate). As always, near-final data will be incorporated as part of settle up beginning in September 2025, including final TY 2024 property values and estimated tax collections. In the meantime, districts should use local state aid templates to estimate settle up (under/over allocations), as districts have access to more up-to-date local information.
Forthcoming updates to the 2024-2025 SOF reports are projected to occur in March 2025 and will include:
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Budgeted TY2024 M&O and I&S tax collections: Adjustment to LPE and DPE with data from the PEIMS Fall submission #1 (lines 12 and 14).
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ADA and FTEs: Adjustment to DPE only, using PEIMS Fall enrollment and prior year’s attendance-to-enrollment ratios. This adjustment attempts to project settle up and will NOT impact cash flow. For charter schools, the SOF reports reflect self-reported attendance from the Charter Schools Module of the FSP system.
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State Compensatory Education (SCE) tier counts: Adjustment to LPE and DPE, using PEIMS Fall Snapshot counts of economically disadvantaged students by census block group by tier. A campus detail report will be available to view, and a summary of the SCE allotment is viewable on the Tier One Detail Report. This update will also impact the district’s/charter school’s cash flow.
If you have questions, please email sfinance@tea.texas.gov, call (512) 463-9238, or contact a School Finance staff member listed on the TEA State Funding webpage.
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