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Financing Public Education in Texas Kindergarten through Grade 12 ...

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In Texas K12 public education expenditures will total $56.9 billion in the ... The basic structure of K12 public education financing in Texas is a ...

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Financing Public Education in Texas Kindergarten through Grade 12 Legislative PrimerPage 1Financing Public Education in TexasKindergarten through Grade 12Legislative PrimerThird EditionPrepared by Legislative Budget Board StaffOctober 2001Page 2iTable of ContentsIntroductionMechanics of Current School Finance LawsOverview Local RevenueTax Base and Appraisals Tax Rate Nominal vs. Effective Tax RatesTax Rate LimitsRollback RatesState FundingSources of Revenue Enrollment Tier 1 Basic Allotment Tier 2 Guaranteed Yield Tier 3 Facilities Instructional Facilities AllotmentExisting Debt AllotmentGap Funding Equalized Wealth Level State Funding Calculations Set Asides Charter Schools Teacher Salaries Public School Employee Health Insurance Federal Funding Appendix A:Overview of Litigation and Legislative Responses and Equity Measures Appendix B:Frequently Asked Questions Appendix C:GlossaryPage 31Figure 1Growth in K12 Public Education Revenue$0$3$5$8$10$13$15$18$20$23$25$28$30 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003Total Revenue in billionsLocal $State $Federal $Total in constant $Figure 2State Share of the Foundation School Program 40%41%42%43%44%45%46%47%48%49%50%919293949 59697989900010203**2003 percentage excludes $697 million appropriated to TRS for the School District Employee Health Insurance Program. Inclusion would raise 2003 state share to 42.2%.Percent of Foundation School Program Paid by StateIntroductionThis report is an overview of public school finance in Texas. It is intended to serve as a guide to themechanics of the current funding laws. Appendices include an Overview of Litigation and LegislativeResponses and Equity Measures Frequently Asked Questions and a Glossary.In Texas K12 public education expenditures will total $56.9 billion in the 200203 biennium. Excluding $5.4 billion in federal aid total state and local education funding will be an e ...

Source: www.lbb.state.tx.us

 

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