June 2026 Committee on School Finance/Permanent School Fund
THURSDAY
June 25, 2026
9:00 a.m.
COMMITTEE ON SCHOOL FINANCE/PERMANENT SCHOOL FUND - Room 2.034
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 2025-2026 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 2025-2026 per capita apportionment rate of $471.190 was set in September 2025. 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 2025-2026 school year at the June 2026 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
This item provides an opportunity for the committee and board to adopt the annual report on the status of the Bond Guarantee Program for fiscal year 2025. Statutory authority is the Texas Constitution, Article VII, §2 and §5; Texas Education Code (TEC), §§45.053(c).
COMMITTEE - ACTION
SBOE - CONSENT
This item provides an opportunity for the committee to discuss a report from the State Auditor’s Office (SAO) regarding the SAO’s certification of the Bond Guarantee Program (BGP) for fiscal year 2025. Statutory authority is the Texas Constitution, Article VII, §2 and §5; Texas Education Code (TEC), §45.053(b) and §45.0531(b).
COMMITTEE - DISCUSSION
SBOE - NO ACTION