Bill Text: TX HB1672 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to the basic allotment and the guaranteed yield under the Foundation School Program.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-07 - Referred to Public Education [HB1672 Detail]

Download: Texas-2023-HB1672-Introduced.html

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88R3591 MEW-F
By: Jetton H.B. No. 1672

A BILL TO BE ENTITLED
AN ACT
relating to the basic allotment and the guaranteed yield under the
Foundation School Program.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 48.051, Education Code, is amended by
amending Subsections (a) and (b) and adding Subsection (a-1) to
read as follows:
(a) For each student in average daily attendance, not
including the time students spend each day in special education
programs in an instructional arrangement other than mainstream or
career and technology education programs, for which an additional
allotment is made under Subchapter C, a district is entitled to an
allotment equal to the lesser of $6,700 [$6,160] or the amount that
results from the following formula:
A = $6,700 [$6,160] X TR/MCR
where:
"A" is the allotment to which a district is entitled;
"TR" is the district's tier one maintenance and operations
tax rate, as provided by Section 45.0032; and
"MCR" is the district's maximum compressed tax rate, as
determined under Section 48.2551.
(a-1) The commissioner shall include in the agency's budget
request submitted to the Legislative Budget Board and the budget
division of the governor's office an estimate of the basic
allotment that includes the amount by which the basic allotment
would need to be adjusted each year of the biennium to reflect the
rate of inflation.
(b) A greater amount for any school year, including the
inflation-adjusted amount estimated under Subsection (a-1), may be
provided by appropriation.
SECTION 2. Section 48.202(a-1), Education Code, is amended
to read as follows:
(a-1) For purposes of Subsection (a), the dollar amount
guaranteed level of state and local funds per weighted student per
cent of tax effort ("GL") for a school district is:
(1) the greater of the amount of district tax revenue
per weighted student per cent of tax effort available to a school
district at the 96th percentile of wealth per weighted student or
the amount that results from multiplying $6,700 [6,160], or the
greater amount provided under Section 48.051(b), if applicable, by
0.016, for the first eight cents by which the district's
maintenance and operations tax rate exceeds the district's tier one
tax rate; and
(2) subject to Subsection (f), the amount that results
from multiplying $6,700 [$6,160], or the greater amount provided
under Section 48.051(b), if applicable, by 0.008, for the
district's maintenance and operations tax effort that exceeds the
amount of tax effort described by Subdivision (1).
SECTION 3. This Act takes effect September 1, 2023.