School Finance Update #28 on Legislative Session House Bill 604 -> Equity Funding House Bill 5 -> The What if Funding TEA’s Proposal for 12.5% Cut • Reduction to school districts • Between $811,667 and $6,395,711 • Depending on TEA Proposals Potential Budget Cuts affecting LISD • (1) ADA Funding = Reduction in Basic Services • (2) NIFA Funding = Reduction in new furniture for new replacement schools • (3) CATE allotment = Reduction in CATE funds • (4) State Comp weight = Reduction in state comp. funds Potential Budget Cuts affecting LISD • (5) Bilingual allotment and reduce the CATE weight. = Reduction in bilingual funds • (6) Transportation and gifted and talented allotment by 50% = Reduction in transportation costs and GT funds Possible Contingency Plan 1. Budget Freeze May 1st 2. Restrict Travel 3. Reduce allocation to schools by reduction in allotment (after legislative session) 4. Eliminate programs not needed 5. Possible reduction in force Update on House Bill 604 1.Provides for a complete sunset of 1. CH 41 –Robin Hood 2. CH 42 –Equalization 3.CH 45 – IFA 4.CH 46 –EDA Makes changes in school funding Update on House Bill 604 • Provides for 3% for 2 year guarantee of increased funding on a per student basis • No formal financial plan yet established. Upcoming events and Follow up 1. Watch Committee Meetings on HB 604 and HB 5 2. Possibly provide testimony on problems with HB 5 and HB 604 3. Watch for consolidation of these bills. In other words, watch the problems with HB 604 and new good things of HB 5 4. Make sure that we do not settle for one time increases that appear good, but lack Equity and Adequacy 5. Let’s do not mortgage the future for a quick dollar today…..
Pages to are hidden for
"School Finance Update #28 on Legislative Session"Please download to view full document