Texas 2017 - 85th Regular

Texas Senate Bill SB356 Compare Versions

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

Old	New	Differences
1	1	85R1785 CAE-D
2	2	By: Watson S.B. No. 356
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	sum of the product of the state compression percentage, as
21	21	determined under Section 42.2516, multiplied by the maintenance and
22	22	operations tax rate adopted by the district for the 2005 tax year
23	23	and any additional tax effort included in calculating the
24	24	district's compressed tax rate under Section 42.101(a-1);
25	25	(2) the wealth per student that generates the amount
26	26	of maintenance and operations tax revenue per weighted student
27	27	available to the Austin Independent School District, as determined
28	28	by the commissioner in cooperation with the Legislative Budget
29	29	Board, for the first six cents by which the district's maintenance
30	30	and operations tax rate exceeds the rate equal to the sum of the
31	31	product of the state compression percentage, as determined under
32	32	Section 42.2516, multiplied by the maintenance and operations tax
33	33	rate adopted by the district for the 2005 tax year and any
34	34	additional tax effort included in calculating the district's
35	35	compressed tax rate under Section 42.101(a-1), subject to Section
36	36	41.093(b-1); or
37	37	(3) the wealth per student that generates the dollar
38	38	amount guaranteed level of state and local funds per weighted
39	39	student per cent of tax effort specified under Section
40	40	42.302(a-1)(2) [$319,500], for the district's maintenance and
41	41	operations tax effort that exceeds the amount of tax effort
42	42	described by Subdivision (2).
43	43	SECTION 2. Section 42.302(a-1), Education Code, is amended
44	44	to read as follows:
45	45	(a-1) For purposes of Subsection (a), the dollar amount
46	46	guaranteed level of state and local funds per weighted student per
47	47	cent of tax effort ("GL") for a school district is:
48	48	(1) the greater of the amount of district tax revenue
49	49	per weighted student per cent of tax effort that would be available
50	50	to the Austin Independent School District, as determined by the
51	51	commissioner in cooperation with the Legislative Budget Board, if
52	52	the reduction of the limitation on tax increases as provided by
53	53	Section 11.26(a-1), (a-2), or (a-3), Tax Code, did not apply, or the
54	54	amount of district tax revenue per weighted student per cent of tax
55	55	effort used for purposes of this subdivision in the preceding
56	56	school year, for the first six cents by which the district's
57	57	maintenance and operations tax rate exceeds the rate equal to the
58	58	sum of the product of the state compression percentage, as
59	59	determined under Section 42.2516, multiplied by the maintenance and
60	60	operations tax rate adopted by the district for the 2005 tax year
61	61	and any additional tax effort included in calculating the
62	62	district's compressed tax rate under Section 42.101(a-1); and
63	63	(2) the amount of district tax revenue per weighted
64	64	student per cent of tax effort available to a district with
65	65	maintenance and operations tax revenue per cent of tax effort equal
66	66	to the maximum amount provided per cent under Section 42.101(a) or
67	67	(b) [$31.95], for the district's maintenance and operations tax
68	68	effort that exceeds the amount of tax effort described by
69	69	Subdivision (1).
70	70	SECTION 3. This Act takes effect September 1, 2017.