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Hassle over education money worries schools
They fear that the Texas-D.C. fight might make the funds vanish
GARY SCHARRER
Houston Chronicle
Sunday, August 15, 2010
AUSTIN — Fearing hard economic times, some Texas school superintendents are cautious about the extra funding heading their way from an education jobs bill President Obama signed into law last week. Some might fill vacancies in the upcoming school year that otherwise would have remained empty. But saving much of the federal money appeals to school officials who worry a severe state budget shortfall will deliver a painful wallop in the fall of 2011.
[View Article]
A check in the mail for GISD
Ian White
The Daily News - Galveston County
Friday, August 06, 2010
GALVESTON — The Texas Education Agency suddenly sent Galveston Independent School District a check for $9.6 million Wednesday after months of haggling about a post-Hurricane Ike deal that had turned sour.
The agency’s deputy associate commissioner for school finance, Lisa Dawn-Fisher, sent the check to the district’s interim superintendent, Anne Dixon, with a letter saying the payment was “due to a recalculation of the district’s state aid entitlement for the 2008-09 school year.”
[View Article]
Expect another school-funding lawsuit
Texas educators cite struggle with flat financing since 2006 overhaul
JENNY LACOSTE-CAPUTO and GARY SCHARRER
San Antonio News-Express
Sunday, August 01, 2010
... If [a school finance lawsuit] doesn't come before the legislative session that begins in January, a lawsuit likely will be filed by the spring as a growing number of schools contend with deep budget cuts that include staff layoffs and diminishing programs.
[View Article]
Aledo ISD-Rigues, Stringer on Equity Center podcast
Tony Eierdam
The Community News
Friday, July 30, 2010
Aledo ISD trustees Bobby Rigues and Jay Stringer recently completed a trip to Austin where the duo was a guest of Equity Center Radio. Rigues and Stringer revealed their grassroots efforts to reach out to the Aledo ISD community and the stated to gain support for overhauling the current inefficient school finance system that was put in place in 2006.
[View Article]
With State Revenues Lagging Behind Projections, Will State Be Able to Cover Trans Payments?
Comptroller is confident she will have $2.75B needed for July and August payments but can borrow from dedicated funds and Rai
John Reynolds
Quorum Report
Tuesday, July 27, 2010
Every August the state takes out what are known as Tax and Revenue Anticipation Notes (TRANs), short-term debt that helps the state manage cash flow. The state owes two more payments on this year’s TRAN series – a $1.375 billion payment on July 30 and another $1.375 billion payment on Aug. 24.
[View Article]
NCSL: While Budget Situation Remains Dire, Small Revenue Improvements Have Begun
Bad news, states are $83.9B in the hole for next year; Good news? Its better than $174B shortfall last year
John Reynolds
Quorum Report
Tuesday, July 27, 2010
The states’ fiscal picture is slowly brightening after several dismal years although budget gaps will continue to persist for at least the next few years. The reason for optimism? Evidence is emerging that declines in state revenue are either starting to moderate or reverse.
[View Article]
A Growing Public Education Financial Crisis...
http://www.schoolpriority.com/index.html
www.schoolpriority.com
Wednesday, July 21, 2010
Today, an alarming number of Texas school districts are facing a growing financial crisis. In 2006, legislators implemented a school finance system that has proven to fall short of properly working. An increasing number of districts are now forced to use dollars from their emergency savings for daily operating expenditures. In addition, teaching positions are being eliminated, salaries reduced and local educational programs removed to meet tight budgets.
[View Article]
Board of ed looks at investing in charter school facilities
Some lukewarm about using Permanent School Fund for charters.
Kate Alexader
Austin American Statesman
Tuesday, July 20, 2010
While education reformers have eagerly embraced charter schools, investment markets have largely shied away from giving the schools money because they are deemed too financially risky.
[View Article]
Texas teachers invest $500M in General Growth Properties
Associated Press and Dallas Morning News staff wri
Dallas Morning News
Monday, July 12, 2010
Shopping mall owner General Growth Properties Inc., which is trying to emerge from bankruptcy protection, on Monday said it is getting a $500 million infusion from a Texas teachers’ pension fund. ...General Growth hopes to emerge from Chapter 11 by October. The pension fund will not receive any interest in a newly formed company to be spun off from General Growth when it exits bankruptcy protection.
[View Article]
Texas attorney general says school districts must allot money for teacher 'step' raises
JESSAMY BROWN
Fort Worth Star-Telegram
Tuesday, June 29, 2010
Many districts across the state, squeezed by budget shortfalls, have been waiting for the opinion to know whether they have to include the salary increases for the upcoming school year. Some that have already adopted budgets with pay freezes will have to make revisions and come up with the extra cash.
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