Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
  89R3805 CMO-D     By: West S.B. No. 597       A BILL TO BE ENTITLED   AN ACT   relating to the basic allotment and the guaranteed yield under the   Foundation School Program.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 48.051(a), Education Code, is amended to   read as follows:          (a)  For each student in average daily attendance, not   including the time students spend each day in special education   programs in an instructional arrangement other than mainstream or   career and technology education programs, for which an additional   allotment is made under Subchapter C, a district is entitled to an   allotment equal to the lesser of $7,564 [ $6,160 ] or the amount that   results from the following formula:   A = $7,564 [ $6,160 ] X TR/MCR   where:          "A" is the allotment to which a district is entitled;          "TR" is the district's tier one maintenance and operations   tax rate, as provided by Section 45.0032; and          "MCR" is the district's maximum compressed tax rate, as   determined under Section 48.2551.          SECTION 2.  Section 48.202(a-1), Education Code, is amended   to read as follows:          (a-1)  For purposes of Subsection (a), the dollar amount   guaranteed level of state and local funds per weighted student per   cent of tax effort ("GL") for a school district is:                (1)  the greater of the amount of district tax revenue   per weighted student per cent of tax effort available to a school   district at the 96th percentile of wealth per weighted student or   the amount that results from multiplying $7,564 [ 6,160 ], or the   greater amount provided under Section 48.051(b), if applicable, by   0.016, for the first eight cents by which the district's   maintenance and operations tax rate exceeds the district's tier one   tax rate; and                (2)  subject to Subsection (f), the amount that results   from multiplying $7,564 [ $6,160 ], or the greater amount provided   under Section 48.051(b), if applicable, by 0.008, for the   district's maintenance and operations tax effort that exceeds the   amount of tax effort described by Subdivision (1).          SECTION 3.  This Act takes effect September 1, 2025.