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History & Principles of School Finance
Sources of Revenue
Determining School Funding
School Property Taxes
School Finance Terms
100
State government and local school districts
Who shares the responsibility for funding Texas public schools?
100
Property Taxes
What is source of revenue of local funds?
100
Because property values per student vary across communities in Texas
What is the reason we have state aid formulas whose intent is to distribute revenue to school districts?
100
Local property taxes
What is about 44 percent of district’s total revenue?
100
Weighted Average Daily Attendance
What is WADA?
200
60 years
What is the number of years state goverment and local school districts have shared the responsibility for funding Texas public schools.
200
Sales Taxes
What is the largest source of state funds as a source of revenue for school districts?
200
Texas public school funding
What is a shared arrangement between school districts and the state?
200
District tax rates
What is a component in computing state aid?
200
Charter schools
What is a school choice option that may be granted to public, private, nonprofit or government entities in Texas?
300
Equity
What did six major lawsuits concerning school funding have in common with each other?
300
Federal Funds
What is the smallest source of revenue?
300
Sales tax, business taxes, gasoline taxes, and the lottery
What are sources that the state relies on for school funding?
300
M & O tax rate and I & S tax rate
What is the definition of school property tax according to voters?
300
TRE: Tax Ratification Election
What is the required election a district must call for when the school board wishes to adopt a tax rate that exceeds the "rollback tax rate"?
400
West Orange - West Cove Consolidate ISD v Neely (2001)
What is a disagreement where two districts were forced to tax at the maximum maintenance and operations tax rate in order to educate students as required by Texas State Law?
400
Education of homeless children and youth
What is an item covered by Federal Funds?
400
Local Fund Assignment
What is the school district’s share of the Tier 1 foundation program?
400
71%
What is the percentage of tax ratification elections that have passed in recent years?
400
M & O Taxes (Maintenance & Operations Taxes)
What is the tax that funds school district operations and some capital purchases?
500
Legislation provided for a system to be governed, in part, by target revenue funding for districts based on a hold harmless feature that would prevent school district revenue losses due to the property tax relief measure that the legilature enacted.
What is the Legislative Response to the West Orange-Cove Decision concerning House Bill 1?
500
Title One funds come from this source
What is federal funds?
500
Recapture
What is the mechanism in state funding formulas that ensures that a district's property wealth per student does not exceed certain levels, known as equalized wealth levels? This is defined in TEC 41.
500
$1.17
What is the maximum M & O tax rate permitted for school districts?
500
I & S Taxes (Interest & Sinking)
What is tax that pays the debt service (principal & interest) for a school district?