Finance, Taxation, and Revenue

School Finance 
Taxation and Voter-Approval Tax Rate Elections 
Bonds, Other Revenue, and Investments

School Finance

TASB Resources

  • TASB's Overview of the Texas School Finance System (pdf) provides an overview of the school finance system, including the breadth of the system, its limitations, and the challenges that must be addressed in future years.

Other Resources

  • Texas Education Agency's (TEA) House Bill 3 Website provides extensive resources pertaining to HB 3, the comprehensive school finance legislation passed by the 86th Texas Legislature in 2019.
  • TEA's Finance and Grants website provides resources related to state funding and grants administration, financial accountability and compliance, and the Permanent School Fund.
  • The Region XIII Education Service Center Finance website provides links to school finance worksheets and related information.

Taxation and Voter-Approval Tax Rate Elections

TASB Resources

  • TASB Legal Services' Adoption of Budget and Tax Rates in 2019 (pdf) answers common questions surrounding the budget and tax rate adoption process in 2019 in light of new legislation.
  • TASB Legal Services' Tax Ratification Election Information (pdf) (to be updated in 2020) memo provides information and deadlines for ordering and holding a tax ratification election.
  • TASB Legal Services’ SJR 1, SB 1, and the Local Option Homestead Exemption (pdf) provides guidance about the impact of legislation from the 84th Legislature on school district homestead exemptions.
  • For information on budget and tax rate adoption, see eSource at Business – Budgeting and Accounting.

Other Resources

  • The Texas Comptroller of Public Accounts' Truth-in-Taxation website provides information about setting district tax rates.

Bonds, Other Revenue, and Investments

TASB Resources

  • TASB Legal Services' Overview of a School District Bond Issuance (pdf) provides an overview of the process for a school district to issue bonds, from the decision to issue bonds through the election to the issuance and implementation of the bond program.
  • TASB Legal Services' School District Bond Election Process (pdf) provides the timeline for a school district bond election.
  • TASB Legal Services' Players in a School District Bond Issuance (pdf) provides information about the various parties involved in a school district bond issuance.
  • TASB Legal Services' Donations To and From Public Schools (pdf) answers frequently asked questions about giving and receiving donations of funds, facilities, and other resources.
  • First Public, a wholly owned subsidiary of TASB, provides investment and insurance options for school districts and other local governments. First Public administers the Lone Star Investment Pool, a local government investment pool, as well as the TASB Benefits Cooperative, which offers school districts a variety of benefit options for their employees.
  • For information on booster clubs, fundraising, and charitable raffles, see eSource at Community – Community Relations

Other Resources

  • The Texas Attorney General's Public Finance Division Website provides information about bond review and approval.
  • The Texas Bond Review Board Website provides information about debt issuance, finance, and debt management.