TO: | Honorable Jim Keffer, Chair, House Committee on Ways & Means |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1 by Chisum (Relating to public school finance and property tax rate compression; making an appropriation. ), Committee Report 1st House, Substituted |
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
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