Relating to the limitation on the amount of supplemental payments that a person may agree to provide to a school district or any other entity on behalf of a school district under the Texas Economic Development Act.
Impact
The implementation of HB 1618 is expected to have significant ramifications for school funding in Texas. By instituting stricter limitations on supplemental payments, the bill could potentially influence how school districts negotiate financial agreements that are intended to enhance educational resources. As a result, this could impact the financial inflow that individual districts receive, which is essential for meeting their operational and educational goals.
Summary
House Bill 1618 modifies the limitations on supplemental payments that individuals may agree to provide to school districts under the Texas Economic Development Act. The bill sets specific caps on the amount, stipulating that such payments cannot exceed either $100 per student per year in average daily attendance or $75,000 per year. This restructuring aims to standardize financial contributions towards educational districts while also controlling the fiscal implications of such agreements on state and local budgets.
Contention
While the bill streamlines certain aspects of financial contributions to education, it has also sparked discussions regarding its implications for local control and resource allocation. Proponents argue that such measures prevent excessive and inequitable funding disparity between school districts, while critics express concern that the caps may inhibit opportunities for additional local funding which could enhance educational outcomes in specific areas. This balance between regulation and local initiative remains a critical point of consideration in legislative discussions surrounding the bill.
Identical
Relating to the limitation on the amount of supplemental payments that a person may agree to provide to a school district or any other entity on behalf of a school district under the Texas Economic Development Act.
Relating to a limitation on the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the authority of a taxing unit other than a school district, county, municipality, or junior college district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses and to the information required to be included in a tax bill.
Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust 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 certain exemption amounts, to provide supplemental payments to full-time classroom teachers in school districts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Relating to limitations on the use of public money under certain economic development agreements or programs adopted by certain political subdivisions.
Relating to limitations on the use of public money under certain economic development agreements or programs adopted by certain political subdivisions.
Relating to the limitation on the total amount of ad valorem taxes that a school district may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 20 consecutive tax years.
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.