| 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
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