PROFESSIONAL_SERVICESAPPROVED

Waco ISD and Third Future Schools Agreement March 2026

Waco ISD Charters Two Campuses to Third Future Schools

Base student allotment of $6,215 per student per year plus applicable state weights and proportional shares of other allotments; charter facilities revenue at 90%; additional federal and state grant reimbursements as approvedWaco IsdTHIRD FUTURE SCHOOLSMarch 30, 2026

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Description

Waco ISD entered into a three-year in-district charter agreement with Third Future Schools to operate Dean Highland Elementary and South Waco Elementary beginning July 1, 2026. Third Future Schools will receive per-pupil funding based on state allotments and weighted attendance, with additional reimbursable federal and state grants, in exchange for managing all academic and operational functions under specified performance goals. The agreement includes detailed provisions for facilities use, staffing autonomy, data sharing, and financial reporting.

Contract Details

Contract Amount

Vendor

THIRD FUTURE SCHOOLS

Agency

Waco Isd, TX

Contract Type

PROFESSIONAL_SERVICES

Document Date

March 30, 2026

Contract Term

July 1, 2026 – June 30, 2029

Renewal Date

2029-06-30

Renewal Info

The charter agreement runs through June 30, 2029 and may be renewed for an additional term only by mutual written agreement of both parties, executed no later than February 1 of the last year of the term and approved by each governing board. Either party may elect not to renew at the end of a term without penalty, and the agreement may be terminated earlier for material breach, performance failure, legal changes, school closure, or loss of funding under specified notice and cure provisions.