The bill, H.B. No. 3147, aims to enhance fiscal reporting requirements for public schools in Texas. It amends Section 44.0041(b) of the Education Code to require that the budget summary includes additional financial information. Specifically, it mandates the inclusion of anticipated state funding from Chapters 46, 48, and 49, details on the district's fund balances along with an explanation, and a comparison of spending to the previous year. The previous requirement for a simple list of spending categories has been modified to provide a more comprehensive financial overview.

Additionally, the bill introduces a new section, 44.0072, which requires each school district to submit an annual report detailing the percentage of total spending on contracts for goods or services that contribute to improved student outcomes. This report must be submitted to the relevant agency, and the commissioner is tasked with adopting necessary rules for implementation. The provisions of this act are set to take effect on September 1, 2025.

Statutes affected:
Introduced: Education Code 44.0041 (Education Code 44)