HB2125 - Relating to an adjustment for certain school districts under the public school finance system for revenue lost due to the use of the state value of the district's taxable value of property determined by the comptroller of public accounts.

  89R662 MEW-D     By: Lozano H.B. No. 2125       A BILL TO BE ENTITLED   AN ACT   relating to an adjustment for certain school districts under the   public school finance system for revenue lost due to the use of the   state value of the district's taxable value of property determined   by the comptroller of public accounts.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter F, Chapter 48, Education Code, is   amended by adding Section 48.2711 to read as follows:           Sec.   48.2711.     ADJUSTMENT FOR LOSS OF REVENUE DUE TO USE OF   STATE VALUE. (a) This section applies only to a school district   for which the state value for the district's taxable value of   property is used under Section 403.302(c), Government Code.             (b)     For each school district to which this section applies,   the agency shall determine whether the district's entitlement under   this chapter for a school year is greater if the district's taxable   value of property is:                 (1)  the local value; or                 (2)     the state value as determined by the comptroller   under Sections 403.302(a) and (b), Government Code.           (c)     If the agency determines under Subsection (b) that the   school district's entitlement is greater for the applicable school   year using the local value for the district's taxable value of   property, the commissioner shall increase state aid or adjust the   limit on local revenue under Section 48.257 for the district for   that school year in an amount equal to:                 (1)     for the first school year in which this subsection   applies to the district, 75 percent of the difference between the   amounts determined under Subsection (b);                 (2)     for the second consecutive school year in which   this subsection applies to the district, 50 percent of the   difference between the amounts determined under Subsection (b); and                 (3)     for the third consecutive school year in which   this subsection applies to the district, 25 percent of the   difference between the amounts determined under Subsection (b).           (d)     A school district may not receive an adjustment under   this section for more than three consecutive school years. If a   school district receives an adjustment under this section for three   consecutive school years, the district is not eligible to receive   an adjustment under this section in the subsequent school year but   may be again eligible for the adjustment following a school year for   which the local value is used for the district's taxable value of   property under Section 403.302(c), Government Code.          SECTION 2.  This Act takes effect September 1, 2025.