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A BILL TO BE ENTITLED
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AN ACT
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relating to the basic allotment and the equalized wealth level |
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under the Foundation School Program. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 42.101, Education Code, as effective |
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September 1, 2015, is amended by amending Subsection (a) and adding |
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Subsection (a-1) to read as follows: |
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(a) Except as provided by Subsection (a-1), for [For] each |
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student in average daily attendance, not including the time |
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students spend each day in special education programs in an |
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instructional arrangement other than mainstream or career and |
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technology education programs, for which an additional allotment is |
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made under Subchapter C, a district is entitled to an allotment |
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equal to $5,040 [the lesser of $4,765 or the amount that results
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from the following formula:
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[A = $4,765 X (DCR/MCR)
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[where:
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["A" is the allotment to which a district is entitled;
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["DCR" is the district's compressed tax rate, which is the
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product of the state compression percentage, as determined under
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Section 42.2516, multiplied by the maintenance and operations tax
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rate adopted by the district for the 2005 tax year; and
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["MCR" is the state maximum compressed tax rate, which is the
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product of the state compression percentage, as determined under
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Section 42.2516, multiplied by $1.50]. |
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(a-1) A school district with a maintenance and operations |
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tax rate less than the rate equal to the product of the state |
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compression percentage, as determined under Section 42.2516, |
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multiplied by $1.50 is entitled to a proportion of the allotment |
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provided under Subsection (a) or (b) equal to the proportion that |
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the district's maintenance and operations tax rate bears to the tax |
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rate equal to the product of the state compression percentage, as |
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determined under Section 42.2516, multiplied by $1.50. |
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SECTION 2. Section 42.252(a), Education Code, is amended to |
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read as follows: |
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(a) Each school district's share of the Foundation School |
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Program is determined by the following formula: |
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LFA = TR X DPV |
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where: |
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"LFA" is the school district's local share; |
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"TR" is a tax rate which for each hundred dollars of valuation |
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is an effective tax rate of the lesser of: |
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(1) the amount equal to the product of the state |
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compression percentage, as determined under Section 42.2516, |
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multiplied by [the lesser of:
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[(1)] $1.50; or |
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(2) the maintenance and operations tax rate adopted by |
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the district [for the 2005 tax year]; and |
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"DPV" is the taxable value of property in the school district |
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for the preceding tax year determined under Subchapter M, Chapter |
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403, Government Code. |
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SECTION 3. This Act takes effect September 1, 2015. |