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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 guaranteed yield under the |
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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 48.051(a), Education Code, is amended to |
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read as follows: |
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(a) For each student in average daily attendance, not |
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including the time students spend each day in special education |
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programs in an instructional arrangement other than mainstream or |
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career and technology education programs, for which an additional |
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allotment is made under Subchapter C, a district is entitled to an |
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allotment equal to the lesser of $6,360 [$6,160] or the amount that |
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results from the following formula: |
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A = $6,360 [$6,160] X TR/MCR |
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where: |
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"A" is the allotment to which a district is entitled; |
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"TR" is the district's tier one maintenance and operations |
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tax rate, as provided by Section 45.0032; and |
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"MCR" is the district's maximum compressed tax rate, as |
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determined under Section 48.2551. |
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SECTION 2. Section 48.202(a-1), Education Code, is amended |
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to read as follows: |
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(a-1) For purposes of Subsection (a), the dollar amount |
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guaranteed level of state and local funds per weighted student per |
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cent of tax effort ("GL") for a school district is: |
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(1) the greater of the amount of district tax revenue |
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per weighted student per cent of tax effort available to a school |
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district at the 96th percentile of wealth per weighted student or |
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the amount that results from multiplying $6,360 [6,160], or the |
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greater amount provided under Section 48.051(b), if applicable, by |
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0.016, for the first eight cents by which the district's |
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maintenance and operations tax rate exceeds the district's tier one |
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tax rate; and |
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(2) subject to Subsection (f), the amount that results |
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from multiplying $6,360 [$6,160], or the greater amount provided |
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under Section 48.051(b), if applicable, by 0.008, for the |
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district's maintenance and operations tax effort that exceeds the |
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amount of tax effort described by Subdivision (1). |
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SECTION 3. This Act takes effect September 1, 2023. |