Bill Text: TX HB1040 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to an annual adjustment to the basic allotment under the foundation school program to reflect inflation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-03-06 - Referred to Public Education [HB1040 Detail]
Download: Texas-2017-HB1040-Introduced.html
85R6267 MK-D | ||
By: González of El Paso | H.B. No. 1040 |
|
||
|
||
relating to an annual adjustment to the basic allotment under the | ||
foundation school program to reflect inflation. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 42.101, Education Code, is amended by | ||
amending Subsection (a) and adding Subsection (a-3) to read as | ||
follows: | ||
(a) Subject to adjustment under Subsection (a-3), 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 $4,765 or the amount that results from the | ||
following formula: | ||
A = $4,765 X (DCR/MCR) | ||
where: | ||
"A" is the allotment to which a district is entitled; | ||
"DCR" is the district's compressed tax rate, which is the | ||
product of the state compression percentage, as determined under | ||
Section 42.2516, multiplied by the maintenance and operations tax | ||
rate adopted by the district for the 2005 tax year; and | ||
"MCR" is the state maximum compressed tax rate, which is the | ||
product of the state compression percentage, as determined under | ||
Section 42.2516, multiplied by $1.50. | ||
(a-3) Beginning with the 2019-2020 school year, the basic | ||
allotment provided to a district under Subsection (a) or (b) is | ||
adjusted annually to increase the allotment by the greater of: | ||
(1) one percent of the amount of the allotment for the | ||
preceding school year; or | ||
(2) the amount that results from applying the | ||
inflation rate, as determined by the comptroller on the basis of | ||
changes in the Texas Consumer Price Index, to the allotment for the | ||
preceding school year. | ||
SECTION 2. This Act takes effect September 1, 2017. |