LEGISLATIVE BUDGET BOARD
Austin, Texas
 
EQUALIZED EDUCATION FUNDING IMPACT STATEMENT
 
79TH LEGISLATURE 3rd CALLED SESSION - 2006
 
April 27, 2006

TO:
Honorable Steve Ogden, Chair, Senate Committee on Finance
 
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
 
IN RE:
HB1 by Chisum (Relating to public school finance, property tax relief, and related matters; making an appropriation.), As Engrossed

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
2007 95.0
2008 95.0
2009 95.0
2010 94.0
2011 94.0


Source Agencies:
LBB Staff:
JOB, UP, JSc