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A JOINT RESOLUTION
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proposing a constitutional amendment requiring the legislature to |
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increase the basic allotment under the Foundation School Program |
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and to adjust the allotment in a manner that reflects annual |
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inflation. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VII, Texas Constitution, is amended by |
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adding Section 3A to read as follows: |
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Sec. 3A. THE BASIC ALLOTMENT. For the Fiscal Year of 2025, |
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a school district is entitled to a basic allotment equal to $7,500 |
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for each student in addition to any higher amount per student as |
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provided by the Legislature. For all subsequent state fiscal |
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years, the Legislature shall set the basic allotment under the |
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Foundation School Program at the amount that results from applying |
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the inflation rate, as determined by the comptroller on the basis of |
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changes in the Consumer Price Index for Urban Consumers published |
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by the Bureau of Labor Statistics of the United States Department of |
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Labor, to the allotment for the preceding school year, except that |
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the basic allotment may not be set at an amount that is less than the |
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amount of the basic allotment established by this provision. The |
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comptroller shall, not later than the 90th day of each fiscal year, |
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transfer to the Foundation School Fund 25 percent of any |
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unencumbered positive balance of general revenues on the last day |
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of the preceding fiscal year. |
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SECTION 2 . This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 7, 2023. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment setting the amount of |
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the basic allotment under the Foundation School Program and |
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providing for its adjustment for annual inflation." |