The 2009 Texas Legislature directed the Texas Comptroller of Public Accounts to “identify school districts and campuses that use resource allocation practices that contribute to high academic achievement and cost-effective operations.” In response, the Comptroller’s office released the Financial Allocation Study for Texas (FAST) in December 2010.
The FAST report examined both school finances and student progress to evaluate the effectiveness of educational spending. In conjunction with expert consultants from the University of Texas at Dallas, Texas A&M University and the University of Texas at Austin, the FAST research team developed the FAST rating, a one- to five-star measure incorporating an academic progress rating and a spending index.
The FAST rating allows for fair and meaningful comparisons among Texas school districts and campuses. The rating is a simple average of an academic component (the FAST composite academic progress score) and a financial component (the FAST spending index). For additional information about how the FAST rating, academic progress score and spending index are calculated, please consult the FAST Methodology (PDF, 747K).
The Comptroller’s Financial Allocation Study for Texas (FAST) examines both academic progress and spending at Texas’ school districts and individual school campuses.
Each district and campus is assigned a FAST rating of one to five stars, indicating its success in combining cost-effective spending with the achievement of measurable student academic progress. Five stars reflects the strongest relative progress combined with the lowest relative spending.
As of December 2013, Allen ISD has been a five star district for three years.