Texas 2015 - 84th Regular

Texas House Bill HB3254 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	84R2024 JSL-D
2	2	By: Meyer H.B. No. 3254
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the equalized wealth level and the guaranteed yield
8	8	under the public school finance system.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 41.002(a), Education Code, is amended to
11	11	read as follows:
12	12	(a) A school district may not have a wealth per student that
13	13	exceeds:
14	14	(1) the wealth per student that generates the amount
15	15	of maintenance and operations tax revenue per weighted student
16	16	available to a district with maintenance and operations tax revenue
17	17	per cent of tax effort equal to the maximum amount provided per cent
18	18	under Section 42.101(a) or (b), for the district's maintenance and
19	19	operations tax effort equal to or less than the rate equal to the
20	20	product of the state compression percentage, as determined under
21	21	Section 42.2516, multiplied by the maintenance and operations tax
22	22	rate adopted by the district for the 2005 tax year;
23	23	(2) the wealth per student that generates the amount
24	24	of maintenance and operations tax revenue per weighted student
25	25	available to the Austin Independent School District, as determined
26	26	by the commissioner in cooperation with the Legislative Budget
27	27	Board, for the first six cents by which the district's maintenance
28	28	and operations tax rate exceeds the rate equal to the product of the
29	29	state compression percentage, as determined under Section 42.2516,
30	30	multiplied by the maintenance and operations tax rate adopted by
31	31	the district for the 2005 tax year, subject to Section 41.093(b-1);
32	32	or
33	33	(3) the wealth per student specified under Subdivision
34	34	(1) [$319,500], for the district's maintenance and operations tax
35	35	effort that exceeds the first six cents by which the district's
36	36	maintenance and operations tax effort exceeds the rate equal to the
37	37	product of the state compression percentage, as determined under
38	38	Section 42.2516, multiplied by the maintenance and operations tax
39	39	rate adopted by the district for the 2005 tax year.
40	40	SECTION 2. Section 42.302(a-1), Education Code, is amended
41	41	to read as follows:
42	42	(a-1) In this section, "wealth per student" has the meaning
43	43	assigned by Section 41.001. For purposes of Subsection (a), the
44	44	dollar amount guaranteed level of state and local funds per
45	45	weighted student per cent of tax effort ("GL") for a school district
46	46	is:
47	47	(1) the greater of the amount of district tax revenue
48	48	per weighted student per cent of tax effort that would be available
49	49	to the Austin Independent School District, as determined by the
50	50	commissioner in cooperation with the Legislative Budget Board, if
51	51	the reduction of the limitation on tax increases as provided by
52	52	Section 11.26(a-1), (a-2), or (a-3), Tax Code, did not apply, or the
53	53	amount of district tax revenue per weighted student per cent of tax
54	54	effort used for purposes of this subdivision in the preceding
55	55	school year, for the first six cents by which the district's
56	56	maintenance and operations tax rate exceeds the rate equal to the
57	57	product of the state compression percentage, as determined under
58	58	Section 42.2516, multiplied by the maintenance and operations tax
59	59	rate adopted by the district for the 2005 tax year; and
60	60	(2) the amount of district tax revenue per weighted
61	61	student per cent of tax effort available to a district with
62	62	maintenance and operations tax revenue per cent of tax effort equal
63	63	to the maximum amount provided per cent under Section 42.101(a) or
64	64	(b) [$31.95], for the district's maintenance and operations tax
65	65	effort that exceeds the amount of tax effort described by
66	66	Subdivision (1).
67	67	SECTION 3. This Act takes effect September 1, 2015.