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July 5, 2012
School districts need to submit tax information through the online FSP system to the Texas Education Agency Office of School Finance. The deadline is August 17, 2012, and the TEA notice stated, “If your district does not submit the survey by the deadline, your district's state funding could be adversely affected.” The TEA notice is copied below.
"Please do not reply to this message. This is a broadcast email sent to all Foundation School Program (FSP) State Funding Listserv users. Charters schools, please disregard this message.
The 2012 Tax Information Survey is open for submission and will close August 17, 2012.
Please ensure that your district has completed and submitted the Tax Information Survey using the online FSP System, accessed through the Texas Education Agency Secure Environment (TEASE), by August 17. If your district does not submit the survey by the deadline, your district's state funding could be adversely affected. Please double-check your data before submitting the survey.
Completing the survey is especially important if the agency has overestimated your district's collections in the legislative payment estimate (LPE) column of the Summary of Finances (SOF) for the 2011–2012 school year. If we do not receive more-accurate collections data, we will not be able to calculate settle-up payments for your district when we produce near-final estimates in September 2012. Your district will not receive additional state revenue to compensate it for lower collections than those shown on the 2011–2012 SOF until April 2013, when we incorporate the J1 schedule information from your district's annual financial audit.
If you have questions about the survey, please contact Al Johnson, state funding consultant, by phone at (512) 463-9260 or by email at
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. If you have questions about TEASE access, please contact Nicole Schuessler by phone at (512) 475-1632 or by email at
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."
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