Texas 2015 - 84th Regular

Texas Senate Bill SB595 Compare Versions

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

Old	New	Differences
1	1	84R5072 JSL/CAE-D
2	2	By: Watson S.B. No. 595
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the equalized wealth level, basic allotment, local
8	8	share, and guaranteed yield 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 $1.50 [the maintenance and
22	22	operations tax 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 $1.50 [the maintenance and operations tax rate
31	31	adopted by the district for the 2005 tax year], subject to Section
32	32	41.093(b-1); 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 $1.50 [the maintenance and
39	39	operations tax rate adopted by the district for the 2005 tax year].
40	40	SECTION 2. Section 41.093(b-1), Education Code, is amended
41	41	to read as follows:
42	42	(b-1) If the guaranteed level of state and local funds per
43	43	weighted student per cent of tax effort under Section
44	44	42.302(a-1)(1) for which state funds are appropriated for a school
45	45	year is an amount at least equal to the amount of revenue per
46	46	weighted student per cent of tax effort available to the Austin
47	47	Independent School District, as determined by the commissioner in
48	48	cooperation with the Legislative Budget Board, the commissioner, in
49	49	computing the amounts described by Subsections (a)(1) and (2) and
50	50	determining the cost of an attendance credit, shall exclude
51	51	maintenance and operations tax revenue resulting from the first six
52	52	cents by which a district's maintenance and operations tax rate
53	53	exceeds the rate equal to the product of the state compression
54	54	percentage, as determined under Section 42.2516, multiplied by
55	55	$1.50 [the maintenance and operations tax rate adopted by the
56	56	district for the 2005 tax year].
57	57	SECTION 3. Section 42.101, Education Code, as effective
58	58	September 1, 2015, is amended by amending Subsection (a) and adding
59	59	Subsection (a-1) to read as follows:
60	60	(a) Except as provided by Subsection (a-1), for [For] each
61	61	student in average daily attendance, not including the time
62	62	students spend each day in special education programs in an
63	63	instructional arrangement other than mainstream or career and
64	64	technology education programs, for which an additional allotment is
65	65	made under Subchapter C, a district is entitled to an allotment
66	66	equal to $5,040 [the lesser of $4,765 or the amount that results
67	67	from the following formula:
68	68	[A = $4,765 X (DCR/MCR)
69	69	[where:
70	70	["A" is the allotment to which a district is entitled;
71	71	["DCR" is the district's compressed tax rate, which is the
72	72	product of the state compression percentage, as determined under
73	73	Section 42.2516, multiplied by the maintenance and operations tax
74	74	rate adopted by the district for the 2005 tax year; and
75	75	["MCR" is the state maximum compressed tax rate, which is the
76	76	product of the state compression percentage, as determined under
77	77	Section 42.2516, multiplied by $1.50].
78	78	(a-1) A school district with a maintenance and operations
79	79	tax rate less than the rate equal to the product of the state
80	80	compression percentage, as determined under Section 42.2516,
81	81	multiplied by $1.50 is entitled to a proportion of the allotment
82	82	provided under Subsection (a) or (b) equal to the proportion that
83	83	the district's maintenance and operations tax rate bears to the tax
84	84	rate equal to the product of the state compression percentage, as
85	85	determined under Section 42.2516, multiplied by $1.50.
86	86	SECTION 4. Section 42.252(a), Education Code, is amended to
87	87	read as follows:
88	88	(a) Each school district's share of the Foundation School
89	89	Program is determined by the following formula:
90	90	LFA = TR X DPV
91	91	where:
92	92	"LFA" is the school district's local share;
93	93	"TR" is a tax rate which for each hundred dollars of valuation
94	94	is an effective tax rate of the lesser of:
95	95	(1) the amount equal to the product of the state
96	96	compression percentage, as determined under Section 42.2516,
97	97	multiplied by [the lesser of:
98	98	[(1)] $1.50; or
99	99	(2) the maintenance and operations tax rate adopted by
100	100	the district [for the 2005 tax year]; and
101	101	"DPV" is the taxable value of property in the school district
102	102	for the preceding tax year determined under Subchapter M, Chapter
103	103	403, Government Code.
104	104	SECTION 5. Section 42.302(a-1), Education Code, is amended
105	105	to read as follows:
106	106	(a-1) [In this section, "wealth per student" has the meaning
107	107	assigned by Section 41.001.] For purposes of Subsection (a), the
108	108	dollar amount guaranteed level of state and local funds per
109	109	weighted student per cent of tax effort ("GL") for a school district
110	110	is:
111	111	(1) the greater of the amount of district tax revenue
112	112	per weighted student per cent of tax effort that would be available
113	113	to the Austin Independent School District, as determined by the
114	114	commissioner in cooperation with the Legislative Budget Board, if
115	115	the reduction of the limitation on tax increases as provided by
116	116	Section 11.26(a-1), (a-2), or (a-3), Tax Code, did not apply, or the
117	117	amount of district tax revenue per weighted student per cent of tax
118	118	effort used for purposes of this subdivision in the preceding
119	119	school year, for the first six cents by which the district's
120	120	maintenance and operations tax rate exceeds the rate equal to the
121	121	product of the state compression percentage, as determined under
122	122	Section 42.2516, multiplied by $1.50 [the maintenance and
123	123	operations tax rate adopted by the district for the 2005 tax year];
124	124	and
125	125	(2) the amount of district tax revenue per weighted
126	126	student per cent of tax effort available to a district with
127	127	maintenance and operations tax revenue per cent of tax effort equal
128	128	to the maximum amount provided per cent under Section 42.101(a) or
129	129	(b) [$31.95], for the district's maintenance and operations tax
130	130	effort that exceeds the amount of tax effort described by
131	131	Subdivision (1).
132	132	SECTION 6. This Act takes effect September 1, 2015.