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 not only per student and aggregate spending on various categories such as instruction and district operations but also mandates the inclusion of anticipated state funding from specific chapters, the amount in the district's fund balances with an explanation, and a comparison to the previous year's actual spending. The deletion of the word "and" indicates a restructuring of the reporting requirements.

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, as defined by the commissioner. The commissioner is tasked with adopting necessary rules to implement this reporting requirement. The provisions of this act are set to take effect on September 1, 2025.

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