Enrolled Bill Summary

Tier 2 of the Foundation School Program guarantees school districts a specified amount in state and local funds per weighted student for each penny of tax effort beyond the tax rate required by Tier 1. The amount provided by the state is a district's total guaranteed amount minus the district's local revenue from the enrichment tax rate it levies. House Bill 1532 amends the Education Code to specify that, for districts with alternate tax dates, the local revenue from maintenance and operations taxes for enrichment purposes is the revenue collected on or after January 1 of the year in which the school year begins and not later than December 31 of the same year.