The State Board took another less notorious vote today but one that significantly impacts the amount of state funding school districts and charter schools will receive to pay for instructional materials and technology over the next two school years. The Board set the percentage distribution rate from the Permanent School Fund (PSF) to the Available School Fund (ASF) at 3.5 percent for the 2015-2016 fiscal biennium. As a result of that action, approximately $1 billion a year will transferred from the PSF to the ASF and half of that (~$500M) will be set aside in the ASF for the state instructional materials fund (IMF).Are you wondering how much IMA your district or charter school will receive to purchase new social studies and high school math materials? Learning List’s whitepaper will help you predict approximately how much IMA funding you can reasonably expect to receive in September of each year of the 2015- 16 biennium. However, as you will read, two important steps have yet to be taken before districts can know with certainty the amount of IMA funding they will have available for each year of the next biennium.
NOTE: Based upon our analysis with a 2013-14 TEA enrollment of 5.15 million students, districts can expect approximately $98/student per year in IMA funds for each of the next two years. You can read or download a copy of How to Project Your District’s Instructional Materials Allotment Allocation by clicking here.