Bill Text: TX SB945 | 2015-2016 | 84th Legislature | Comm Sub
Bill Title: Relating to funding under the public school finance system for a school district with a compressed tax rate below the state maximum compressed tax rate.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Engrossed - Dead) 2015-05-23 - Committee report sent to Calendars [SB945 Detail]
Download: Texas-2015-SB945-Comm_Sub.html
By: Taylor of Galveston, et al. | S.B. No. 945 | |
(Aycock) | ||
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relating to funding under the public school finance system for a | ||
school district with a compressed tax rate below the state maximum | ||
compressed tax rate. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 41.002(a), Education Code, is amended to | ||
read as follows: | ||
(a) A school district may not have a wealth per student that | ||
exceeds: | ||
(1) the wealth per student that generates the amount | ||
of maintenance and operations tax revenue per weighted student | ||
available to a district with maintenance and operations tax revenue | ||
per cent of tax effort equal to the maximum amount provided per cent | ||
under Section 42.101(a) or (b), for the district's maintenance and | ||
operations tax effort equal to or less than the rate equal to the | ||
sum of 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 any additional tax effort included in calculating the | ||
district's compressed tax rate under Section 42.101(a-1); | ||
(2) the wealth per student that generates the amount | ||
of maintenance and operations tax revenue per weighted student | ||
available to the Austin Independent School District, as determined | ||
by the commissioner in cooperation with the Legislative Budget | ||
Board, for the first six cents by which the district's maintenance | ||
and operations tax rate exceeds the rate equal to the sum of 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 any | ||
additional tax effort included in calculating the district's | ||
compressed tax rate under Section 42.101(a-1), subject to Section | ||
41.093(b-1); or | ||
(3) $319,500, for the district's maintenance and | ||
operations tax effort that exceeds the amount of tax effort | ||
described by Subdivision (2) [ |
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SECTION 2. Section 41.093(b-1), Education Code, is amended | ||
to read as follows: | ||
(b-1) If the guaranteed level of state and local funds per | ||
weighted student per cent of tax effort under Section | ||
42.302(a-1)(1) for which state funds are appropriated for a school | ||
year is an amount at least equal to the amount of revenue per | ||
weighted student per cent of tax effort available to the Austin | ||
Independent School District, as determined by the commissioner in | ||
cooperation with the Legislative Budget Board, the commissioner, in | ||
computing the amounts described by Subsections (a)(1) and (2) and | ||
determining the cost of an attendance credit, shall exclude | ||
maintenance and operations tax revenue resulting from the tax rate | ||
described by Section 41.002(a)(2) [ |
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SECTION 3. Section 42.101, Education Code, as effective | ||
September 1, 2015, is amended by adding Subsections (a-1), (a-2), | ||
and (c) to read as follows: | ||
(a-1) Notwithstanding Subsection (a), for a school district | ||
that adopted a maintenance and operations tax rate for the 2005 tax | ||
year below the maximum rate permitted by law for that year, the | ||
district's compressed tax rate ("DCR") includes the portion of the | ||
district's current maintenance and operations tax rate in excess of | ||
the first six cents above the district's compressed tax rate, as | ||
defined by Subsection (a), until the district's compressed tax rate | ||
computed in accordance with this subsection is equal to the state | ||
maximum compressed tax rate ("MCR"). | ||
(a-2) Subsection (a-1) applies beginning with the 2017-2018 | ||
school year. For the 2015-2016 and 2016-2017 school years, the | ||
board of trustees of a school district that adopted a maintenance | ||
and operations tax rate for the 2005 tax year below the maximum rate | ||
permitted by law for that year may choose to apply Subsection (a-1) | ||
to the calculation of the district's compressed tax rate ("DCR"). A | ||
board of trustees that chooses to apply Subsection (a-1) must | ||
notify the commissioner of the decision in writing not later than | ||
September 1 of the affected school year. This subsection expires | ||
September 1, 2018. | ||
(c) This subsection applies to a school district for which | ||
the compressed tax rate ("DCR") is determined in accordance with | ||
Subsection (a-1). Any reduction in the district's adopted | ||
maintenance and operations tax rate is applied to the following | ||
components of the district's tax rate in the order specified: | ||
(1) tax effort described by Section 42.302(a-1)(2); | ||
(2) tax effort described by Section 42.302(a-1)(1); | ||
and | ||
(3) tax effort included in the determination of the | ||
district's compressed tax rate ("DCR") under Subsection (a-1). | ||
SECTION 4. Section 42.2516, Education Code, is amended by | ||
adding Subsection (c-1) to read as follows: | ||
(c-1) Revenue generated by the portion of a district's | ||
maintenance and operations tax rate included in calculating the | ||
district's compressed tax rate under Section 42.101(a-1) and local | ||
share under Section 42.252(a-1) is included in determining the | ||
amount to which a district is entitled under this section, but may | ||
not increase the total amount of revenue per weighted student to | ||
which the district is entitled under this section. This subsection | ||
expires September 1, 2017. | ||
SECTION 5. Section 42.252, Education Code, is amended by | ||
adding Subsection (a-1) to read as follows: | ||
(a-1) Notwithstanding Subsection (a), for a school district | ||
that adopted a maintenance and operations tax rate for the 2005 tax | ||
year below the maximum rate permitted by law for that year, the | ||
district's tax rate ("TR") includes the tax effort included in | ||
calculating the district's compressed tax rate under Section | ||
42.101(a-1). | ||
SECTION 6. Section 42.302(a-1), Education Code, is amended | ||
to read as follows: | ||
(a-1) [ |
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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 that would be available | ||
to the Austin Independent School District, as determined by the | ||
commissioner in cooperation with the Legislative Budget Board, if | ||
the reduction of the limitation on tax increases as provided by | ||
Section 11.26(a-1), (a-2), or (a-3), Tax Code, did not apply, or the | ||
amount of district tax revenue per weighted student per cent of tax | ||
effort used for purposes of this subdivision in the preceding | ||
school year, for the first six cents by which the district's | ||
maintenance and operations tax rate exceeds the rate equal to the | ||
sum of 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 any additional tax effort included in calculating the | ||
district's compressed tax rate under Section 42.101(a-1); and | ||
(2) $31.95, for the district's maintenance and | ||
operations tax effort that exceeds the amount of tax effort | ||
described by Subdivision (1). | ||
SECTION 7. This Act takes effect September 1, 2015. |