| 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
|