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You are receiving this information because you are subscribed to Public School Funding Updates for the Texas Education Agency.
Please do not reply to this message. This is a broadcast email sent to all Foundation School Program (FSP) State Funding bulletin members.
As communicated in the Public School Funding Updates listserv message dated February 11, 2025, the school year (SY) 2024-2025 preliminary summary of finances (SOF) reports 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)
The SY 2024-2025 preliminary SOF reports now also incorporate:
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Budgeted M&O and I&S tax collections: Adjustment to LPE and DPE with data from 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 is accessible from the link on line 25 of your district’s SOF report, and a summary of the SCE allotment is shown on the Tier One Detail Report. This update will also impact the district’s cash flow.
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Additional State Aid for State-Approved Instructional Materials (TEC, Section 48.307): Preliminary LPE and DPE enrollment shown on line 6 is based on 90% of prior year PEIMS Fall enrollment and will subsequently be updated using current year Fall PEIMS enrollment. This funding update will be reflected in the district’s instructional materials and technology account (line 52). See also line 20 of the Other Programs Detail Report.
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Additional State Aid for Open Education Resource Instructional Materials (TEC, Section 48.308): Adjustment to LPE and DPE for reimbursement of costs incurred for printing and shipping open education instructional material not to exceed $20 per student. This funding update is reflected in the district’s instructional materials & technology account (line 52). See also line 21 of the Other Programs Detail Report.
Action Required: Changes impacting LPE will affect your district’s cashflow. Please carefully review your district’s SY 2025 SOF report for accuracy, especially your district’s budgeted tax collections shown on lines 12 and 14 and the 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.
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 from the Tax Information Survey. 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.
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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