PLATINUM SPONSOR 01/25/2015 Equity Center 1 GOLD SPONSORS 01/25/2015 Equity Center 2 War and Rumors of War Equity Center’s 15th Annual School Finance & Legislative Workshop 01/25/2015 Equity Center 3 A World Class Education for All Texas Children 01/25/2015 Equity Center 4 Aspirational A World Class Education for All Texas Children Practical? 01/25/2015 Equity Center 5 Before anything else, EFFICIENCY is Absolutely Key to the Solution 01/25/2015 Equity Center 6 Every dollar spent, must address a state-recognized cost. 01/25/2015 Equity Center 7 $2,000,000,000 every year is spent without regard to a state-recognized cost. 01/25/2015 Equity Center 8 Is there any wonder we don’t have enough money to fully fund Bilingual Education? 01/25/2015 Equity Center 9 Is there any wonder we don’t have enough money to provide all small districts with the funding the state already recognizes as necessary? 01/25/2015 Equity Center 10 Is there any wonder we don’t have enough money to update the Cost-of-Education Index? 01/25/2015 Equity Center 11 Is there any wonder we don’t have enough money to increase the Basic Allotment? 01/25/2015 Equity Center 12 We need greater efficiency in how the state distributes the money it is already spending? 01/25/2015 Equity Center 13 World Class requires a sacrifice, but even more, it requires a real-world commitment. 01/25/2015 Equity Center 14 Our children, their ability to make Texas competitive on a global stage in the future, matter more than the politics of today. 01/25/2015 Equity Center 15 What we have been doing has broken the system. 01/25/2015 Equity Center 16 We should probably stop doing it. 01/25/2015 Equity Center 17 The Basic Allotment is BASIC to School Funding. 01/25/2015 Equity Center 18 Basic Allotments since 2009 School Year 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 01/25/2015 Maximum Basic Allotment $4,765 $4,765 $4,765 $4,765 $4,950 $5,040 Equity Center $275 Increase (5.8%) in two years! 19 Basic Allotments since 2009 School Year 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 01/25/2015 Maximum Basic Allotment $4,765 $4,765 $4,765 $4,765 $4,950 $5,040 Equity Center $275 Increase (5.8%) in 5 years 20 Hypothetical 2% Increase since 2009 School Year 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 01/25/2015 Maximum Basic Allotment $4,765 $4,860 $4,958 $5,057 $5,158 $5,261 Equity Center $496 increase (10.4%) 21 Hypothetical 1.0113% Increase since 2009 School Year 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 01/25/2015 Maximum Basic Allotment $4,765 $4,819 $4,873 $4,928 $4,984 $5,040 Equity Center $275 Increase (5.8%) 22 Basic Allotment Over Six Years Annual vs. Actual Periodic Increases $5,050 $5,000 $4,950 $4,900 $4,850 $4,800 $4,750 2009-10 2009-11 2009-12 2009-13 Annual Increase (1.0113%) 01/25/2015 Equity Center 2009-14 2009-15 Actual 23 Basic Allotment Over Six Years Annual vs. Actual Periodic Increases $5,050 $5,000 $4,950 $4,900 $4,850 $4,800 $4,750 2009-10 2009-11 2009-12 2009-13 Annual Increase (1.0113%) 01/25/2015 Equity Center 2009-14 2009-15 Actual 24 Tier 1 Poor and Tier 2 Rich $55.00 $50.00 $50.40 $45.00 $40.00 $35.00 $31.95 $30.00 $25.00 $20.00 Tier 1 01/25/2015 Tier 2 Level 2 (Copper Pennies) Equity Center 25 Tier 1 Poor and Tier 2 Rich $55.00 $50.00 $50.40 $45.00 $40.00 $35.00 $31.95 $30.00 $25.00 $20.00 Tier 1 01/25/2015 Tier 2 Level 2 (Copper Pennies) Equity Center 26 $35 GL Unchanged Since 1999 $5.0 Billions $4.5 $4.0 $3.5 $3.0 Local Tax Collections State EDA and IFA Funding $2.5 $2.0 $1.5 $1.0 $0.5 $0.0 01/25/2015 Equity Center 27 Litigation 01/25/2015 Equity Center 28 Revenue per WADA at Adopted Tax Rate 2014-15 Funding Parameters on 2013-14 Data $7,500 $7,000 $7,113 $6,500 $6,000 $5,500 $5,837 $5,000 $4,500 $4,000 $3,500 Poorest 255 Districts Wealthiest 255 Districts Revenue per WADA 01/25/2015 Equity Center 29 Average Adopted Tax Rates $1.100 $1.101 $1.080 $1.060 $1.040 $1.034 $1.020 $1.000 Poorest 255 Districts Wealthiest 255 Districts Adopted Tax Rate 01/25/2015 Equity Center 30 Local Option Homestead Exemption 100 90 80 70 60 50 40 30 20 10 0 98 26 Poorest 255 Districts Wealthiest 255 Districts Districts with Local Option Homestead Exemption 01/25/2015 Equity Center 31 Classroom Disadvantage $43,845 01/25/2015 Equity Center 32 El Paso ISD and Glen Rose ISD $72,359 01/25/2015 Equity Center 33 Trying to Justify an Unfair Advantage Districts with high funding levels before equity Mediocrity 01/25/2015 Equity Center 34 Trying to Justify an Unfair Advantage Districts with high funding levels before equity Mediocrity Districts with even LOWER funding levels before equity 01/25/2015 Equity Center 35 One Texas 01/25/2015 Equity Center 36 Equity Center Standing Up for Texas Taxpayers and Children 01/25/2015 Equity Center 37
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