Shortly before the beginning of each biennial legislative session, the State Board of Education (SBOE) determines the annual distribution rate (commonly referred to as the payout) from the PSF for each of the subsequent two budget years. The SBOE sets aside half of this distribution for instructional materials. This is the first step in the process that determines the amount of the IMA that each school district will receive for the purchase of instructional materials.
On September 19, 2014, the SBOE voted to set the distribution rate at 3.5%. As a result, the annual payout from the PSF for the IMA for the 2015–2016 and 2016–2017 school years could be as high as $500 million per year. To divide the total payout among all school districts, the commissioner of education has, in previous years, determined each district’s IMA allocation based on the percentage of the total student population served by the district. If the same rationale is used in the coming school years, a district that serves 1% of the total student population of Texas could receive $5 million (1% of $500 million) each year.Knowing the amount of its IMA allocation for upcoming years can help a district begin planning for its instructional materials purchases. However, in doing so, districts should be aware that the possible amount of the IMA for the 2015–2016 and 2016–2017 school years suggested in this post is, at this point, only a projection. There are still several steps yet to be taken in the process that determines the actual amount of the IMA: the SBOE can decide to change the distribution rate at its November 2014 meeting; from (but not limited to) the payout set aside by the SBOE, the state legislature must appropriate the money for the IMA; and, from the amount appropriated, the commissioner of education must determine the per-student allotment for each district.
The total amount of the IMA available to the commissioner and each district’s individual IMA allocation should be known shortly after the end of the legislative session in 2015.