LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 20, 1997 TO: Honorable Teel Bivins, Chair IN RE: Senate Bill No. 1019 Committee on Education By: Ogden Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1019 ( Relating to the school district ad valorem tax rollback rate.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1019-As Introduced FN Revision 1 No significant fiscal implication to the State is anticipated. The bill would amend Section 26.08 of the Tax Code, pertaining to the school district ad valorem tax rollback rate. The legislation would take effect September 1, 1997. Under current law, if the tax rate adopted by a district's governing body exceeds the sum of the effective maintenance and operations rate and the current debt rate (modified by an enrollment adjustment) plus $.08, an election is held wherein voters decide whether to limit the adopted rate to the rollback rate. The bill would amend the tax code so that the calculation of the rollback rate is revised. If the adopted rate exceeds the rollback rate, an election is held for approval of the adopted rate. Other language is included in the bill to conform to the amended rollback concept of approval of the adopted rate rather than limitation to the rollback rate. The bill would also remove some obsolete language referring to a county equalization tax. The bill could cause a reduction in local tax effort, which would reduce the local contribution to the educational program. This would require additional budgeting and planning efforts on the part of impacted school districts. Source: Agencies: 701 Texas Education Agency - Administration LBB Staff: JK ,LP ,BR