Big Spring, Texas
Friday, July 3, 2009
 
 
 
 
Home
Local News
National News
Business
Life/Forms
Horoscopes
Obituaries
Photo Contest
MySpace
Big Spring Chat
Recipe of the Day
Weather
Sudoku
Entertainment
Local Sports
National Sports
Big Spring Steer
Big Spring Tennis
Big Spring Crosscountry
Big Spring Swimming
Big Spring Volley Ball
Coahoma Football
Forsan Football
Garden City Football
Grady Football
Sands Football
Stanton Football
Advertisement
Place An Ad
Classifieds
Restaurant Guide
About Us
Contact Us
Subscribe
Letters to the Editor
Sign Our Guest Book
Chamber of Commerce
City of Big Spring
Community Calendar
July 2009
S M T W T F S
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31
Advertisement
Advertisement
Advertisement
Advertisement
 
Schools Face Tighter Financial Times
Wednesday, 07 January 2009
By STEVE REAGAN 
Staff Writer
Unlike some other school districts in Texas, Big Spring, Coahoma and Forsan are not expecting tough financial times in the coming months. What happens past 2009, however, remains to be seen.

School districts across the state will be closely watching as the Texas Legislature begins its biennial session Tuesday. In particular, educators will be looking to see what, if anything, representatives do to tweak the formula for providing financial aid to districts.

A worsening economy, coupled with a de facto cap on state spending, has forced some school districts in the state to adopt emergency measures — including borrowing money or dipping into reserve funds in some cases — to help pay the bills.

That kind of situation does not yet exist in Howard County.

“We'll be able to do the things we need to do,” BSISD Chief Financial Officer Sandra Waggoner said. “We just won't be able to do anything extra.”

In the latest round of school financing reform, Texas education officials announced that state aid to schools would be capped at 2005-2006 school year levels. As an additional kicker, if local revenues increase, state aid to the districts decrease, meaning that local districts are locked into three-year-old financing formulas, regardless of how much revenue comes in.

“We're fine right now,” Forsan ISD Superintendent Randy Johnson said. “We're not facing a crisis ... but if you look across the state, there are several districts that are facing a real crisis.”

Waggoner said increased operating costs have forced some Texas school districts to dip into reserve funds to pay salaries and other expenses while they wait for state aid to arrive. And while local educators hope the legislature will tweak its funding formula, no one is holding their breath, either.

“I don't see anything stirring in that area,” Waggoner said. “I think they'll probably hold off until another session.”

“This is a nervous time for a lot of school districts,” Johnson said. “We hope good things come out (of the legislature session), but we're wary about other things coming out as well.”

In the meantime, area districts will do their best to pay 2009 bills with 2006 dollars.

“What this will most impact ... is the special projects we can do,” Waggoner said. “We're just not going to have any extra money. And if we have some kind of unforeseen, major repair situation, it's possible that we'd have to dip into our (reserve funds), and we haven't had to do that in a long time.”


Contact Staff Writer Steve Reagan at 263-7331 ext. 234 or by e-mail at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Last Updated ( Thursday, 08 January 2009 )
 
< Prev   Next >

Comments

There are no comments yet - feel free to add one using the form below...


Page 1 of 0 ( 0 comments )
©2005 MosCom

Add comments to this article: Schools Face Tighter Financial Time......

Name (required)

E-Mail (required)
Your email will not be displayed on the site - only to our administrator
Comment

 Go to the movies at the Cinema in the mall on Tuesdays, $4.00
evening shows.  This week TRANSFORMERS, is playing and entertaining for all. They
have matinees daily also. - Laura Hughes

 
 

Copyright © 2009 Big Spring Herald
Powered By TriCubeMedia