Omar Garcia with BOK Financial Securities has a new release (Release 4 dated 07/9/2018) that is now available for download.  This new release makes changes the Effective M&O Tax Rate calculations and makes adjustments to the EDA and NIFA weights (see Notes tab).  As always, please stay tuned for any new developments. read more arw

There's no way to sugarcoat the budget woes ahead for Dallas ISD and other North Texas school districts for the coming academic year. Because of the state's convoluted school funding system, they'll join a growing list that will have to send tens of millions of dollars back to the state.  By the Texas Education Agency's count, 25 local districts are expected to surrender an estimated $539 million through "recapture," designed to better balance school funding between "property-rich" and "property-poor" districts. view article arw

Klein Independent School District is moving forward to restructure its budget in the aftermath of last month’s failed tax ratification election that left them more than $30 million short. “We have to get things going. There’s a high value on our personnel and our people. Our human resources (staff), campuses and departments are looking for any way that we can help keep our people employed and exceed the needs of our students,” said Dan Schaefer, the district’s chief financial officer. view article arw

Kilgore ISD trustees got a first look on Monday at a $32 million proposed spending plan for the coming school year with instructions to provide feedback to Chief Financial Officer Revard Pfeffer before their next workshop. “This budget presented to you tonight has us sitting, probably, with a couple of hundred thousand to spare,” Pfeffer said of the proposal, which trustees will fashion into their 2018-19 budget by Sept. 1. view article arw

The Texas Commission on Public School Finance working group on outcomes met Tuesday in Austin to consider recommendations based on more than 60 hours of testimony heard by the commission since its first meeting in January. Group leader Todd Williams began the meeting reading from a detailed report that suggested the state should invest more dollars in specific strategies to accelerate reaching the “60×30” goal of ensuring 60 percent of students go onto post-secondary success by the year 2030. view article arw

Kilgore ISD trustees will hold a budget workshop and consider personnel contracts Monday. view article arw

Steady enrollment, staff raises and a redistributed budget are just a few of the signs of success at Sweeny ISD since Tory Hill became superintendent in March 2017. Hill, who replaced Superintendent Randy Miksch, took a close look at the district’s last budget and made a discovery. He realized money was being wasted on positions the district didn’t need. view article arw

Tatum ISD trustees will hear updates on the district’s 2017-18 and 2018-19 budgets. view article arw

Gladewater ISD trustees approved “a balanced budget” for the 2018-19 school year Saturday afternoon, the superintendent said. The budget projects that the district will bring in more than $16.56 million in revenue and spend more than $16.56 million during the 2018-19 year. “We adopted a balanced budget for this year,” Superintendent Sedric Clark said. view article arw

Abilene Independent School District trustees on Monday are expected to learn the final outcome from a committee established to study facilities. Scott McLean, associate superintendent for operations, and Cary Etter, chairman of the district's master facilities planning committee, are expected to make recommendations to the school board about whether to request a new bond for construction projects and improvements. view article arw

Austin ISD’s newly formed Budget Stabilization Task Force made up of about 30 district residents, parents and staff met for the first time June 25 to discuss strategies to evaluate future AISD spending. AISD Chief Financial Officer Nicole Conley Johnson said the task force will meet over the summer to develop options to stabilize the district’s budget, which could include cutting or changing district programs and finding new funding sources such as selling or renting unused district property. view article arw

McKinney ISD approves hiring additional SROs, special education teachers in FY 2018-19 budget view article arw

Katy ISD Chief Financial Officer Christopher Smith warned trustees at a May 21 work study meeting they may have to make strategic decisions to address a potential budget deficit. Smith said the potential deficit is due to the Texas Supreme Court and Texas Legislature’s inaction in addressing inequities in the school state funding system and the financial strains brought about by damage to the district as a result of Hurricane Harvey. view article arw

Coppell ISD is in the process of creating the budget for the 2018-19 school year and is working on the details leading up to the final budget adoption later this year. Preliminary numbers show that the projected revenue for the 2018-19 school year is $152.1 million, which is a 10.9-percent increase from last year’s revenue of $137.4 million. view article arw

Northwest ISD trustees approved a $287 million spending plan for the 2018-19 fiscal year Monday night. The budget for the new fiscal year, which begins July 1, is almost $5 million more than the district spent in 2017-18. It calls for the district to use $12.4 million out of reserves to balance the budget. “We’re pleased with what the district came up with, and we’re not having to raise taxes,” said Northwest School Board President Judy Copp. view article arw

The Temple school board will hold a public hearing and vote on a 2018-19 budget in a special meeting at 6 p.m. Thursday. The proposed budget includes a 3 percent raise for Temple Independent School District employees. The board will not vote on a new tax rate until later in the year, however, in budget work sessions, the district discussed increasing the tax rate from $1.40 to $1.42 per $100 valuation. view article arw

The Killeen Independent School District board of trustees had not yet reached a decision about whether to purchase a special budgeting module after a demonstration of the software at a workshop Thursday morning.  The dashboard, designed by Gibson Consulting Inc., would provide a user-friendly interface that would be updated annually and offer up to five years of historic data to board members. It would cost $31,190 for the first year of the service. view article arw

The Temple school board approved a $100,715,739 budget for 2018-19 Thursday. The budget includes a 3 percent raise for all Temple Independent School District employees. The board will not approve a 2018-19 tax rate until the end of summer, but the budget is built around a possible tax rate of $1.42, an increase from last year’s $1.40. The budget total includes a general fund of $83,849,747, a food service fund of $4,994,359, and a debt service fund of $11,871,633, and breaks down to $11,674 per student. view article arw

Pine Tree ISD has adopted a deficit budget for the 2018-19 school year that includes a lower tax rate and raises for the staff. The budget approved by trustees earlier this month projects the district will receive $38.39 million in revenue and spend $39.11 million to cover expenses, showing a deficit of more than $714,000. The district’s initial 2017-18 budget had a deficit of $1.27 million, with more than $37.23 million in revenue and $38.50 million in expenses. Pine Tree is expecting to receive more than $1.16 million more in revenue and spend almost $605,000 more than it did this past year. view article arw

Houston ISD passed a $2 billion budget just ahead of the June 30 deadline, which is mandated by the Texas Education Agency. The budget cut out $83 million in spending from schools and the district office. HISD told NewsFix in a statement, "Every HISD school worked throughout the 2018 spring semester to identify where they could make cuts totaling $34 million dollars. Departments (based in the central office) also made cuts totaling $49 million. Thus, a total of $83 million was reduced from the 2018-19 budget to get it approved by the board. Since HISD is a decentralized school district, it is up to each school principal to determine what gets cut from the budget." view article arw

Temple teachers will soon be seeing a bigger paycheck. Temple ISD approved a three percent raise for all district staffers Thursday night. The school board voted unanimously for the raise saying it was something the staff deserves. view article arw

A task force charged with finding creative solutions to stabilize the Austin Inde­pen­dent School District's ballooning budget met for the first time on Monday night. The district's 2018 budget (which passed June 18) is expected to extract $29 million from the district's reserve funds. With $20 million of that fund already allocated for other needs, district officials expect the savings account to dip to $210 million after 2018. AISD CFO Nicole Conley Johnson said the deficit is expected to double by the 2019-20 school year, at which point it would no longer be feasible to continue drawing from the reserve funds. view article arw

It’s a typical summer day at Emily Herrington’s house in Northeast Austin. Her two daughters, Penly, 7, and Laurel, 3, are playing with their kittens and reading books in the living room. Penly is going into second grade at Blanton Elementary in the fall. Over the past few years, Herrington has been thinking a lot about how Texas funds its schools. The issue really started to concern her when the Austin Independent School District posed a bond in November to upgrade schools. One of the projects the money would pay for at Blanton was a fire alarm upgrade. view article arw

Brownsville Independent School District trustees have approved a $487 million operating budget for the 2018-2019 school year that includes raises for all employees. The vote Tuesday to approve the budget and grant raises was unanimous. Classified employees received a 2 percent pay raise from midpoint. For teachers and other certificated employees, trustees granted a 3 percent pay raise, which amounted to a $1,584 increase inclusive of the step increase. view article arw

The Killeen Independent School District Board of Trustees will consider the purchase of a special budgeting tool at a workshop Thursday morning. Gibson Consulting Group, Inc. will provide a demonstration of its web-based financial module, which was presented to the board at its meeting on June 19. The company already provides audits to KISD but is proposing in-depth financial analysis, including multiple levels of expenditure, staffing data and metrics, using the module. view article arw

The Lockhart Independent School District Board of Trustees on Monday night approved a $58.2 million budget for 2018-19. view article arw

A balanced budget that includes positive fund balances, teacher and staff pay increases and no increase to the district tax rate were critical elements of the proposed 2018-19 budget for Red Oak ISD. During a June 21 a special meeting, the board approved the budget previously presented by ROISD Chief Financial Officer Vickie Benbow at the May session of the Red Oak Board of Trustees. Based on the same tax rate of $1.54 per $100 valuation as last year, Benbow laid out the district financial plan for the upcoming fiscal year. view article arw

The Plano ISD board of trustees approved the district’s 2018-19 budget June 12. Here are three takeaways from the budget report on property taxes and recapture payments. view article arw

The most basic thing to understand about school funding is that every student in the state of Texas has a dollar figure hanging over his or her head. But not every kid is worth the same amount of money in the eyes of state. Texas gives each student a base amount, $5,140. From there, certain kids get more money added on. Different things are plugged into an equation, like if a child comes from a low-income family, if he or she is an English language learner or is classified as gifted and talented. These classifications all increase the amount assigned to the child. view article arw

School trustees got their first look Monday at a proposed budget for the 2018-19 school year that comes in slightly lower than this year’s spending plan. White Oak ISD Superintendent Mike Gilbert’s $12.87 million proposal is almost $132,000 smaller than this year’s budget, a 1 percent drop. It also does not dip into the district’s $4.5 million reserves. The budget also saves about $74,000 with the district’s decision to pull some of its special education students out of the three-district cooperative it runs with Spring Hill and Sabine ISDs. view article arw

A large chunk of funding for schools in Austin comes from property taxes, and as many Austinites know, those keep going up every year. Under the Texas Constitution, the state has no income tax to help pay for schools. To make up for that, in 1993, the Legislature created a system called recapture. The plan is more commonly known as "Robin Hood," because it redistributes tax money from school districts with high property values to districts with low home values. view article arw

The Austin Independent School District began its process of employing a community task force to help make tough decisions to help its budget shortfall Monday night. AISD is projecting a budget shortfall of tens of millions of dollars over the next couple of years. District leaders blame the state's school finance formula and a drop in enrollment. The Budget Stabilization Task Force will spend the summer coming up with proposals on creative ways to help the district cut down on its deficit moving forward. It's made up of 31 people. It's a mix of parents, community members and AISD staff members. view article arw

Houston ISD approves its budget

June 2708:31 AM
 

In the end, they took what they initially rejected. Houston ISD trustees unanimously passed a $2 billion budget Monday that is nearly identical to the one they narrowly rejected two weeks ago, signing off on significant cuts and agreeing to draw as much as $17 million from the district’s rainy-day fund. At an hourlong early-morning meeting, trustees said they wanted to pass balanced budgets after back-to-back years of dipping into reserves, but they ultimately approved the spending plan ahead of a June 30 deadline. view article arw

The Allen ISD Board of Trustees on Monday approved a $257,774,082 budget for the 2018-19 school year, along with a proposed two-cent tax rate reduction from $1.57 last school year to $1.55 per $100 of valuation. The proposed tax rate goes into effect in August. The total budget stems from the budgets of three different funds that, by law, require board approval: the general fund ($197,485,382); student nutrition fund ($7,343,700); and debt service fund ($52,945,000). view article arw

Klein ISD voters rejected the Tax Ratification Election on June 16 that would have raised the district tax rate by 9 cents, and the board of trustees must now make $30.2 million in cuts before adopting the budget Aug. 27, KISD Superintendent Bret Champion said. Voters opposed the measure by a vote of 5,063-4,136, according to the Harris County clerk’s office. KISD plans to canvas the votes Wednesday, said Judy Rimato, associate superintendent of communications and planning. view article arw