TO: | Honorable Kent Grusendorf, Chair, House Committee on Public Education |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB3289 by Baxter (Relating to the cost of an attendance credit under the school finance system.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2004 | ($2,500,000) |
2005 | ($2,500,000) |
2006 | $0 |
2007 | $0 |
2008 | $0 |
Fiscal Year | Probable Savings/(Cost) fromFOUNDATION SCHOOL FUND 193 |
---|---|
2004 | ($2,500,000) |
2005 | ($2,500,000) |
2006 | |
2007 | |
2008 |
The Texas Education Agency estimated the loss of recapture payments to the state by reviewing historical tax collection data. For tax year 2002, about 1.3 percent of actual tax collections came prior year tax levies. Using this as an assumption for future years, the agency estimated the loss to the Foundation School Fund at $2.5 million per year for fiscal years 2004 and 2005.
Source Agencies: | 701 Central Education Agency
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LBB Staff: | JK, JO, CT, UP, RN
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