| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
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 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 $6,160 or the amount that results from the |
|
|
following formula: |
|
|
A = $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 2023-2024 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 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 $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. |