Relating to funding under the public school finance system for a school district with a compressed tax rate below the state maximum compressed tax rate.
Impact
If enacted, SB945 would directly affect how school districts in Texas are funded, potentially influencing the resources available for public education. The changes proposed under this bill aim to increase funding equity among districts, especially those that have historically low tax rates. This legislation could lead to a more balanced distribution of state resources, as it sets guidelines that tie funding to tax efforts made by districts in relation to their operational tax rates.
Summary
Senate Bill 945 relates to funding mechanisms under the public school finance system for school districts that maintain a compressed tax rate below the state maximum limit. The bill amends various sections of the Education Code to provide a framework for how funding is calculated for such districts, focusing on the relationship between tax rates and the funding they receive. These adjustments aim to ensure that districts with lower tax rates do not fall behind in funding compared to those operating at the maximum rate.
Sentiment
The sentiment surrounding SB945 appears to be generally supportive among educational leaders who advocate for funding equity, as it addresses concerns related to disparities in school funding. However, there may be contention among various stakeholders regarding the implications of such funding changes, particularly those who fear that restructuring the funding formula could disadvantage districts already struggling with financial issues. There are differing opinions on the effectiveness of the proposed adjustments and their long-term impact on local school budgets.
Contention
One of the notable points of contention involves the potential changes to wealth per student calculations and how this could affect local districts differently based on their unique economic conditions. Critics may argue that the proposed changes could inadvertently favor certain districts over others, while supporters highlight the need for reform to promote equity. Overall, the discussions surrounding SB945 underline the complexity of balancing state-level education funding with local district needs.
Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression.
Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression.
Relating to providing school district property tax relief through rent-relief and through adjusting entitlements, compression, and exemptions under the public school finance system.
Relating to the basic allotment and guaranteed yield under the public school finance system, certain allotments under the Foundation School Program, determination of a school district's assets to liabilities ratio under the public school financial accountability rating system, and credit for prepayment of the amount required to be paid by a school district for the purchase of attendance credit under the public school finance system.
Relating to the elimination of certain property taxes for school district maintenance and operations and the provision of public education funding by increasing the rates of certain state taxes.
Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression, an increase in the amount of certain exemptions from ad valorem taxation by a school district applicable to residence homesteads, an adjustment in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amounts, and the protection of school districts against the resulting loss in local revenue.
Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against the resulting loss in local revenue.
Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.
Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.
Relating to a reduction in the maximum compressed tax rate of a school district and additional state aid for certain school districts impacted by compression.
Relating to a temporary reduction in the maximum compressed tax rate of a school district and the form of the ballot proposition to be used in an election to approve a tax rate adopted by a school district that exceeds the district's voter-approval tax rate; making appropriations.
Relating to a temporary reduction in the maximum compressed tax rate of a school district and the form of the ballot proposition to be used in an election to approve a tax rate adopted by a school district that exceeds the district's voter-approval tax rate; making an appropriation.