Amend CSHB 1 (house committee printing) in Article III of the bill, following the appropriations to the Texas Education Agency (page III-5), as follows:

(1)  In Rider 3, Foundation School Program Funding (page III-5), in the first sentence of the second paragraph, strike "a total of $29,284,881,652 in fiscal year 2024 and $31,064,881,509 in fiscal year 2025" and substitute "a total of $32,789,391,452 in fiscal year 2024 and $34,721,624,649 in fiscal year 2025".

(2)  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 "$4,839,963,050" in each place it appears.

(3)  Add the following appropriately numbered rider and renumber subsequent riders accordingly:

____.   Basic Allotment. (a) In addition to amounts appropriated above, and notwithstanding any other provision of this article, the amount of $7,161,252,940 is appropriated from the General Revenue Fund to the Texas Education Agency for the state fiscal biennium beginning September 1, 2023, for the purpose of increasing the basic allotment under Section 48.051, Education Code, by $500 for each state fiscal year of that biennium.

(4)  Adjust totals and methods of financing accordingly.