By: Leedom S.J.R. No. 16 SENATE JOINT RESOLUTION 1-1 proposing a constitutional amendment relating to public school 1-2 finance. 1-3 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Article VII of the Texas Constitution is amended 1-5 by adding Section 1a to read as follows: 1-6 Sec. 1a. (a) The Education Equalization Excellence Fund 1-7 Budget Committee is established. The committee is composed of the 1-8 governor, the lieutenant governor, the attorney general, the 1-9 comptroller of public accounts, and the chairman of the State Board 1-10 of Education. 1-11 (b) The education equalization excellence fund is created in 1-12 the state treasury. Not later than July 1 of each even-numbered 1-13 year, the budget committee shall determine and certify to the 1-14 comptroller of public accounts the amount of money to be placed in 1-15 the education equalization excellence fund for the succeeding 1-16 biennium to finance an efficient system of public free schools. 1-17 The comptroller shall deposit that amount into the fund from 1-18 revenue sources as provided by the legislature by general law. 1-19 (c) In determining the amount necessary to finance an 1-20 efficient system of public free schools, the budget committee shall 1-21 consider: 1-22 (1) salaries and other benefits for teachers and other 1-23 academic personnel required by law; 2-1 (2) projected changes in average daily attendance; 2-2 (3) special needs that state or federal law requires 2-3 school districts address and whose costs are not funded in funding 2-4 the basic educational program of a school district; and 2-5 (4) any other factors the legislature by general law 2-6 requires. 2-7 (d) Unless set at a lower amount as provided by Subsection 2-8 (e) of this section, the amount determined to be placed in the 2-9 education equalization excellence fund under Subsection (b) of this 2-10 section is the minimum amount the legislature may appropriate to 2-11 finance an efficient system of public free schools. 2-12 (e) The legislature, by a favorable vote of four-fifths of 2-13 the membership of each house, may determine that a lesser amount 2-14 than that recommended by the budget committee is sufficient to 2-15 finance an efficient system of public free schools. 2-16 (f) For a system of public free schools to be considered 2-17 efficient under Section 1 of this article: 2-18 (1) not more than 50 percent of all funds used to 2-19 finance the system of public free schools, including the state's 2-20 contribution to the Teacher Retirement System of Texas, may be 2-21 derived from local property taxes; 2-22 (2) a school district may not be required to levy an 2-23 ad valorem tax for maintenance and operation in excess of a rate 2-24 that results in the application of the rate of $1.25 per $100 2-25 valuation to the district's taxable property as determined by 3-1 general law; 3-2 (3) the state must guarantee that each district 3-3 receives an amount based on its average daily attendance that, 3-4 after considering local tax effort and the distribution of the 3-5 available school fund, is equal to the district's pro rata share of 3-6 the amount determined by the budget committee under Subsection (b) 3-7 of this section or by the legislature under Subsection (e) of this 3-8 section; 3-9 (4) a school district that receives money from the 3-10 education equalization excellence fund must be permitted to enrich 3-11 its program by levying an ad valorem tax for maintenance and 3-12 operation at a rate that results in the application of a rate that 3-13 is more than $1.25 but not more than $1.50 per $100 valuation of 3-14 taxable property; and 3-15 (5) a school district may not receive less in state 3-16 funds per student in average daily attendance than the amount the 3-17 district received for the 1992-1993 school year. 3-18 (g) The excellence in education trust fund is created in the 3-19 state treasury. The fund consists of money the legislature 3-20 deposits to the credit of the fund and any other gifts accepted 3-21 into the fund from any other source. 3-22 (h) Interest from investment of the fund and 50 percent or 3-23 less of the other income of the fund, as provided by general law, 3-24 adjusted to reflect changes in the cost of living as determined by 3-25 the U.S. Department of Labor or other department of the federal 4-1 government specified by general law remain in the fund. The fund 4-2 may be used for any purpose for which the education equalization 4-3 excellence fund may be used. 4-4 (i) The legislature shall provide by general law for the 4-5 management of the excellence in education trust fund. 4-6 (j) A system of public free schools financed as provided by 4-7 this section is efficient for purposes of Section 1 of this 4-8 article. 4-9 SECTION 2. This proposed constitutional amendment shall be 4-10 submitted to the voters at an election to be held on 4-11 November 2, 1993. The ballot shall be printed to provide for 4-12 voting for or against the proposition: "The constitutional 4-13 amendment to provide for the support and maintenance of an 4-14 efficient system of public free schools."