MoakCasey is excited to provide this new Summary of Finance template as a free resource to Texas public schools. This template incorporates changes made by HB 2, SB 4, and SB 23 from the 89th Regular Session.
The results will look similar to our model runs published during session with a few exceptions:
- This template includes I&S state aid calculations, as well as the impact of the new ASAHEs in SB 4 and SB 23. The template also calculates the defeasance penalty in the new TEC 46.071(d-1) created by those two bills.
- We have slightly tweaked our methodology to adjust for SB 4/SB 23 to recognize that most districts do not see a homestead loss exactly equal to the number of homesteads multiplied by the exemption provided for in law.
- This template attempts to calculate the early education allotment reallocation for prekindergarten called for in HB 2 under TEC 48.1081. We will continue to refine this calculation as TEA provides additional information.
- We have revised our methodology for the new HB 2 hold harmless under TEC 48.285 to ensure that districts receive adequate funding for the retention allotments. Our previous model runs were making adjustments for SB 4 and SB 23 in that calculation, but we are not yet certain those adjustments will be made by the agency. We are currently pursuing options with impacted districts to correct this under the Commissioner’s “unintended consequences” authority.
Please keep in mind that this template will continue to evolve over subsequent weeks and months and, as always, TEA remains the official source for state aid and recapture calculations. Please submit any errors or questions to sof.template@moakcasey.com.
With all those caveats aside, we hope this is a useful tool to aid you all in budget planning this summer. Enjoy!