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A BILL TO BE ENTITLED
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AN ACT
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relating to an annual adjustment to the basic allotment under the |
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Foundation School Program to reflect inflation. |
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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, is amended by |
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amending Subsection (a) and adding Subsection (a-3) to read as |
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follows: |
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(a) Subject to adjustment under Subsection (a-3), for [For] |
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each 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 the lesser of $4,765 or the amount that results from the |
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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-3) Beginning with the 2021-2022 school year, the basic |
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allotment provided to a district under Subsection (a) or (b) is |
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adjusted annually to increase the allotment by the greater of: |
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(1) one percent of the amount of the allotment for the |
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preceding school year; or |
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(2) the amount that results from applying the |
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inflation rate, as determined by the comptroller on the basis of |
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changes in the Consumer Price Index for All Urban Consumers |
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published by the Bureau of Labor Statistics of the United States |
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Department of Labor, to the allotment for the preceding school |
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year. |
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SECTION 2. This Act takes effect September 1, 2019. |