LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  May 20, 1997
         
         
      TO: Honorable Paul Sadler, Chair            IN RE:  Senate Bill No. 1873, 
As Engrossed
          Committee on Revenue and Public 
Education Funding                              By: Bivins
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB1873 ( relating 
to public school finance, including the abolition of the foundation 
school fund budget committee) this office has detemined the 
following:
         
         Biennial Net Impact to General Revenue Funds by SB1873-As Engrossed
         
Section 403.302 of the Government Code requires the Comptroller 
to conduct a property value study to determine the total taxable 
value for each school district.  Total taxable value is an element 
in the state's school funding formula.  Passage of the bill 
could cause an increase in school district taxable values reported 
to the Commissioner of Education by the Comptroller.  The increase 
in school district taxable value could result in a decrease 
in the state cost of public education, based on current funding 
formulas.
         

         
 
          
No significant fiscal implication to units of local government 
is anticipated.
          
   Source:            Agencies:   
                                         
                      LBB Staff:   JK ,RR ,BR