TO: | Honorable Florence Shapiro, Chair, Senate Committee on Education |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB828 by Hochberg (Relating to the amount of the guaranteed yield under the Foundation School Program.), As Engrossed |
The bill would set the guaranteed yield per weighted student for the four cents (which increases to six cents in 2009 under current law) by which a school district’s maintenance and operations tax rate exceeds the state compression percentage at that of Austin Independent School District (ISD), or the yield from the previous year, if higher. The bill would take effect immediately upon enactment with the necessary voting majorities or September 1, 2007 and would apply beginning with the 2007-2008 school-year.
Source Agencies: | 701 Central Education Agency
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LBB Staff: | JOB, JSp, UP, JGM
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