LEGISLATIVE BUDGET BOARD
Austin, Texas
 
EQUALIZED EDUCATION FUNDING IMPACT STATEMENT
 
78TH LEGISLATIVE REGULAR SESSION
 
May 2, 2003

TO:
Honorable John Whitmire, Chair, Committee of the Whole Senate
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
SB2 by Shapiro (Relating to public school finance, a state ad valorem tax, state general sales and use taxes, state taxes on the sale or use of a motor vehicle, and property tax relief for residential tenants.), As Introduced

The bill would make formula and/or structural changes to the Foundation School Program. The percent of equalized revenue in the system and the percent of students in the equalized system during each of the first five years following passage is estimated as follows:


Please note that in Fiscal Year 2006 and beyond, the effect of the local enrichment tier would be to slightly lower the percent of equalized revenue below what is reflected in the table.



Fiscal Year Percent of Students in the Equalized System Percent of Equalized Revenue
2004 82.2 97.8
2005 100.0 98.0
2006 100.0 98.0
2007 100.0 98.0
2008 100.0 98.0


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