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

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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

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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.