Amend CSHB 1 (house committee report) in Article III of the bill as follows:

(1)  Following the appropriations to the Texas Education Agency, amend Rider 81, Property Tax Relief, in Subsections (c) and (d) (page III-28), by striking "$12,001,216,000" and substituting "$7,409,216,000" in each place it appears.

(2)  Following the appropriations to the Teacher Retirement System (page III-43), add the following appropriately numbered rider:

____.  Benefit Enhancement for Certain Annuitants. The amount of $4,592,000,000 is appropriated from the General Revenue Fund to the Teacher Retirement System for fiscal year 2024 of the state fiscal biennium ending August 31, 2025, to provide a one-time benefit enhancement to annuitants of the system receiving a monthly retirement or death benefit annuity during the month preceding the month the benefit enhancement is paid by using the total amount appropriated for fiscal year 2024 to provide a benefit enhancement that is proportionate to each annuitant's annuity. It is the intent of the legislature that the benefit enhancement described by this rider be provided in addition to any benefit enhancements provided by HB 600 or similar legislation of the 88th Legislature, Regular Session, 2023, providing benefit enhancements to annuitants of the Teacher Retirement System.

(3)  Adjust totals and methods of financing accordingly.