Posts Tagged "PSF"

Look Into a Crystal Ball: How to Project Your District’s Instructional Materials Allotment Allocation

[Source: Opinion Lab]

[Source: Opinion Lab]

Today, the Texas State Board of Education adopted 89 social studies, 55 high school math and 172 fine arts materials. Learning List has reviewed all of the state-adopted social studies and high school math products that were adopted, as well as several materials in those subjects that were not submitted for state adoption.

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).

[© 2014 Learning List]

[© 2014 Learning List]

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.

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Can a District Project Instructional Materials Funding?

[Source: TEA]

[Source: TEA]

Earlier this year, we published a blog post that described how the funds for instructional materials in Texas flow from their source to local school districts. In that post, we explained that the instructional materials allotment (IMA) begins at the Permanent School Fund (PSF)—a $30 billion endowment created expressly for the benefit of the public schools of Texas—and flows through the State Board of Education, the state legislature, and the Texas Education Agency before making its way to the local education agencies.

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.

[Source: viedu.org]

[Source: viedu.org]

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.

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