LEGISLATIVE BUDGET BOARD
Austin, Texas
 
EQUALIZED EDUCATION FUNDING IMPACT STATEMENT
 
78TH LEGISLATIVE REGULAR SESSION
 
April 28, 2003

TO:
Honorable Kent Grusendorf, Chair, House Committee on Public Education
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HB1062 by Bonnen (Relating to public school finance.), 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 Students in the Equalized System Percent of Equalized Revenue
2004 82.3 97.8
2005 77.0 97.7
2006 83.0 97.9
2007 83.5 98.0
2008 87.4 98.1


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