Bill Text: TX SB1704 | 2023-2024 | 88th Legislature | Introduced

Texas Senate Bill 1704

Introduced

Bill Title: Relating to the state compression percentage and a school district's maximum compressed tax rate under the public school finance system.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-16 - Referred to Education [SB1704 Detail]

Download: Texas-2023-SB1704-Introduced.html

	88R14473 KJE-D

	By: Middleton	S.B. No. 1704



	A BILL TO BE ENTITLED
	AN ACT
	relating to the state compression percentage and a school
	district's maximum compressed tax rate under the public school
	finance system.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 48.255(b), Education Code, is amended to
	read as follows:
	(b) The state compression percentage is the lower of:
	(1) 93 percent, or a lower percentage set by
	appropriation for a school year;
	(2) the percentage determined by the following
	formula:
	SCP = PYCP X 1.01 [~~1.025~~]/(1 + ECPV); or
	(3) the percentage determined under this section for
	the preceding school year.
	SECTION 2. Section 48.2551(b), Education Code, is amended
	to read as follows:
	(b) Except as provided by Subsection (c), a district's
	maximum compressed rate ("MCR") is the lesser of:
	(1) the rate determined by the following applicable
	formula:
	(A) if "DPV" exceeds "PYDPV" by an amount equal
	to or greater than one [~~2.5~~] percent:
	MCR = (1.01 [~~1.025~~]((PYDPV+E) X PYMCR))/DPV; or
	(B) if Paragraph (A) does not apply:
	MCR = PYMCR; or
	(2) the product of the state compression percentage,
	as determined under Section 48.255, for the current tax year,
	multiplied by $1.00.
	SECTION 3. Section 48.2552(b), Education Code, is amended
	to read as follows:
	(b) If a school district's maximum compressed rate as
	calculated under Section 48.2551(b) would be less than 60 [90]
	percent of another school district's maximum compressed rate, the
	district's maximum compressed rate is the value at which the
	district's maximum compressed rate would be equal to 60 [90]
	percent of the other district's maximum compressed rate.
	SECTION 4. This Act takes effect September 1, 2023.