School Finance News from Omar

posted on September 17 - 08:30 AM
By Joe -

News Alert!- Omar Garcia with BOK Financial Securities has noted that TEA’s recommended 2018-19 Available School Fund rate up for adoption by the State Board of Education this month is going to be $459.764.  The latest template release uses $447.180. Since the rate change only affects the bottom line for Chapter 41 districts, a new release is not planned. Instead, users can just change Cell G114 on the Assumptions tab from $447.180 to $459.764 and the template will do the rest.