Texas Senate Bill SB758

Texas 2013 - 83rd Regular

Caption

Relating to the established schedule of payments from the foundation school fund of the yearly entitlement of certain school districts.

Impact

The modifications in SB758 are expected to have significant implications for educational finance in Texas. By specifying the installment percentages and their deadlines more clearly, school districts, particularly those categorized as 2 and 3, can anticipate their funding receipts throughout the fiscal year. This predictability can potentially lead to improved budgeting practices by local school boards, ensuring that funds are available when needed for instructional and operational expenses.

Summary

Senate Bill 758 addresses the schedule of payments from the foundation school fund to specific categories of school districts in Texas. The bill amends the existing provisions under Section 42.259 of the Education Code, particularly altering the specific percentages allocated for district payments and their corresponding due dates. The new legislation sets forth a structured payment schedule that aims to provide clarity and predictability for school districts regarding their funding entitlements, thereby facilitating better financial planning.

Contention

While the bill appears straightforward, it may not be without contention. Some stakeholders may argue that the changes could disproportionately affect smaller or less funded districts if the new payment schedule does not adequately address their specific financial challenges. Additionally, there could be debates around the timing of these payments, ensuring that they arrive in sync with the actual needs of the districts, especially prior to the beginning of the school year when many expenses peak.

Last_action

SB758 was last finalized on June 14, 2013, and came into effect immediately, indicative of a strong legislative push to address educational funding through timely and efficient mechanisms.