Bill Text: TX HB3700 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Relating to an annual adjustment to the basic allotment and the guaranteed yield under the Foundation School Program to reflect inflation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-03-16 - Referred to Public Education [HB3700 Detail]

Download: Texas-2023-HB3700-Introduced.html
 
 
  By: Bryant H.B. No. 3700
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to an annual adjustment to the basic allotment and the
  guaranteed yield under the Foundation School Program to reflect
  inflation.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 48.051, Education Code, is amended by
  amending Subsection (a) and adding Subsection (a-1) to read as
  follows:
         (a)  Subject to adjustment under Subsection (a-1), for [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 $8,684 [$6,160] or the amount that results
  from the following formula:
  A = $8,684 [$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)  Beginning with the 2024-2025 school year, the basic
  allotment provided to a district under Subsection (a) or (b) is
  adjusted annually to increase the allotment by the amount that
  results from applying the inflation rate, as determined by the
  comptroller, to the allotment for the preceding school year.
         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 $8,684 [6,160], or the
  greater amount provided under Section 48.051(a-1) or (b)
  [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 $8,684 [$6,160], or the greater amount provided
  under Section 48.051(a-1) or (b) [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.
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