1. School Finance Update #28 on Legislative Session House Bill 604 -> Equity Funding House Bill 5 -> The What if Funding

2. TEA’s Proposal for 12.5% Cut Reduction to school districts Between $811,667 and $6,395,711 Depending on TEA Proposals

3. Potential Budget Cuts affecting LISD (1) ADA Funding = Reduction in Basic Services (2) NIFA Funding = Reduction in new furniture for new replacement schools (3) CATE allotment = Reduction in CATE funds (4) State Comp weight = Reduction in state comp. funds

4. Potential Budget Cuts affecting LISD ( 5) Bilingual allotment and reduce the CATE weight. = Reduction in bilingual funds (6) Transportation and gifted and talented allotment by 50% = Reduction in transportation costs and GT funds

5. Possible Contingency Plan 1.Budget Freeze May 1 st 2.Restrict Travel 3.Reduce allocation to schools by reduction in allotment (after legislative session) 4.Eliminate programs not needed 5.Possible reduction in force

6. Update on House Bill 604 1.Provides for a complete sunset of 1. CH 41 –Robin Hood 2. CH 42 –Equalization 3.CH 45 – IFA 4.CH 46 –EDA Makes changes in school funding

7. Update on House Bill 604 Provides for 3% for 2 year guarantee of increased funding on a per student basis No formal financial plan yet established.

8. Upcoming events and Follow up 1.Watch Committee Meetings on HB 604 and HB 5 2.Possibly provide testimony on problems with HB 5 and HB 604 3.Watch for consolidation of these bills. In other words, watch the problems with HB 604 and new good things of HB 5 4.Make sure that we do not settle for one time increases that appear good, but lack Equity and Adequacy 5.Let’s do not mortgage the future for a quick dollar today…..