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Royse City ISD told it may have been overpaid $5 million by TEA, creating a one-year cash squeeze
Summary
Finance staff estimated the Texas Education Agency may have overpaid the district about $5,000,000 and said the reconciliation ("settle up") will occur in September, reducing next year's state payments and creating a cash shortfall the district must absorb unless circumstances change.
District finance staff told trustees the district has likely been overpaid by the Texas Education Agency and that the reconciliation will lower next year's state payments. "Estimate is that is about $5,000,000 that we've been overpaid," the staff member said, and warned the September settle-up will reduce cash available for the 2026-27 budget.
The presenter said the settle-up creates a timing and cash-flow problem that the district will need to absorb in next year's budget unless there is a significant change to the assumptions. Staff pledged weekly updates on estimates and emphasized conservative spending decisions to lessen the one-year impact.
