June 2025 Committee on School Finance/Permanent School Fund

THURSDAY
June 26, 2025

9:00 a.m.

COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND - Room 2.035 (Barbara Jordan Building)

Members: Tom Maynard, chair; Marisa Perez-Diaz, vice chair; Keven Ellis; Will Hickman; and 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 2024-2025 School Year

A per capita apportionment rate for each school year is set based on an estimate of the amount available for expenditure from the Available School Fund (ASF). A preliminary 2024-2025 per capita apportionment rate of $622.196 was set in September 2024. A final per capita apportionment rate is set by the commissioner of education based on actual funds available for expenditure. Agency staff will present the final rate for the 2024-2025 school year at the June 2025 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

2. Selection of State Board Member Nominees for Statewide Board Positions

This item provides an opportunity for the committee and board to select state board member nominees for statewide board positions. Statutory authority is the Texas Constitution, Article VII, §2 and §5, and 19 Texas Administrative Code (TAC) Chapter 33.

COMMITTEE - ACTION
SBOE - CONSENT