LEGISLATIVE BUDGET BOARD
Austin, Texas
 
EQUALIZED EDUCATION FUNDING IMPACT STATEMENT
 
78TH LEGISLATIVE REGULAR SESSION
 
February 27, 2003

TO:
Honorable Kent Grusendorf, Chair, House Committee on Public Education
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HB251 by Jones, Elizabeth (Relating to the equalized wealth level under the public school finance system.), As Introduced

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
2004 97.5
2005 97.4
2006 97.6
2007 97.7
2008 97.9


Source Agencies:
LBB Staff:
JK, JO, UP, RN