LEGISLATIVE BUDGET BOARD
Austin, Texas
 
TAX/FEE EQUITY NOTE
 
78TH LEGISLATURE 4TH CALLED SESSION - 2004
 
May 1, 2004

TO:
Honorable Kent Grusendorf, Chair, House Committee on Public School Finance, Select
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HJR1 by Grusendorf (Proposing a constitutional amendment providing for funding public education, providing for school district property tax rate limitation and reduction, authorizing a school district ad valorem tax for educational program enrichment, creating the Texas education fund, dedicating certain sales and use tax revenue to funding public education, authorizing the legislature to establish a five percent limit on annual increases in the appraised value for ad valorem tax purposes of residence homesteads and other owner-occupied residential real property, and authorizing the state to operate video lottery games at racetracks and on Indian lands.), Committee Report 1st House, Substituted

The fiscal impact to the resolution is a reduciton in school property taxes.  The combined impact of the reduction in school property taxes and increases in state revenue is contained in the Tax/Fee Equity Note to House Bill 1, 1st Committee Report, Substituted.


Source Agencies:
LBB Staff:
JK, JO, WP