LEGISLATIVE BUDGET BOARD
Austin, Texas
 
EQUALIZED EDUCATION FUNDING IMPACT STATEMENT
 
78TH LEGISLATURE 4TH CALLED SESSION - 2004
Revision 1
 
May 4, 2004

TO:
Honorable Tom Craddick, Speaker of the House, House of Representatives
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HB1 by Grusendorf (Relating to public education, public school finance, and related matters, including certain new or modified taxes and fees, the authorization of a state video lottery system, and other state and local tax and revenue measures to provide sufficient funding for public education and to provide tax relief and protection for taxpayers; providing penalties.), Committee Report 1st House, Substituted

The bill would make formula and/or structural changes to the Foundation School Program. The percent of equalized revenue in the system during each of the first five years following passage is estimated as follows:




Fiscal Year Percent of Equalized Revenue
2006 99.0
2007 99.0
2008 99.0
2009 99.0
2010 98.0


Source Agencies:
LBB Staff:
JK, SD, JO, WP, UP