June 2024 Committee on School Finance/Permanent School Fund

THURSDAY
June 27, 2024

9:00 a.m.
PSF Corporation meeting starts upon adjournment of the SF/PSF meeting but no earlier than 10:00 a.m.

COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND – Room 1-104

Members: Tom Maynard, chair; Marisa Perez-Diaz, vice chair; Keven Ellis; Patricia Hardy; Aaron Kinsey. A quorum of the State Board of Education may attend the committee meeting and discuss items on the committee agenda. A quorum of the Committee of Investment Advisors to the Permanent School Fund may attend the committee meeting and discuss items on the committee agenda.

Public testimony – Individual testimony will be taken at the time the related item comes up for committee discussion or action. The procedures for public testimony at State Board of Education committee meetings and general board meetings are provided in SBOE Operating Rules.

1. Per Capita Apportionment Rate for the 2023-2024 School Year

A per capita apportionment rate for each school year is set by the commissioner of education based on an estimate of the amount available for expenditure from the Available School Fund (ASF). A preliminary 2023–2024 per capita apportionment rate of $414.884 was set in September 2023. A final per capita apportionment rate is set by commissioner of education based on actual funds available for expenditure. Agency staff will present the final rate for the 2023–2024 school year at the June 2024 meeting of the Committee on School Finance/Permanent School Fund. Statutory authority is the Texas Education Code (TEC), §48.004, §48.251(c), and §43.001(b).

COMMITTEE – DISCUSSION
SBOE – NO ACTION