In order to meet the state’s future workforce needs and give all Texas children the opportunity to succeed, it is critical that the state continue to invest in public education.
The state’s economic outlook has worsened considerably over the last year, which affects public education’s fiscal outlook going forward.
In simple terms, fund balance is the difference between assets and liabilities in a governmental fund as of the close of the fiscal year. School districts use their fund balances to responsibly manage cash flow — especially in districts that pay recapture and cannot lean on regular state funding.
Don’t be fooled. School district fund balances are an important cash management tool and are not the same as the State’s Rainy Day Fund.
By Kelli Moulton and Dana Bashara There is no shortage of heroes in our nation’s coronavirus crisis, from the doctors to the first responders to the grocery cashiers who continue to show up and get the job done. And don’t forget about Texas public school employees. Teachers, food service personnel, and the many others who …