Texas 2021 - 87th Regular

Texas Senate Bill SB1943

Caption

Relating to the reduction of school district property taxes as a result of the school facilities allotment.

Impact

If passed, SB1943 is expected to alter the financial landscape for many school districts by potentially lowering the amount of property tax revenue they collect. This reduction could allow school districts to allocate funds more effectively towards operational needs, including resource acquisition and maintenance of facilities. The bill outlines the process for determining the amount each district is entitled to receive and how these funds should influence their tax rates, thus having a broad impact on local funding mechanisms for education in Texas.

Summary

SB1943 proposes the reduction of property taxes imposed by school districts as a direct result of the school facilities allotment. The bill aims to make adjustments to the existing legislation to optimize how funding is distributed to school districts across Texas, specifically focusing on the provision of financial assistance for educational facilities. This act is intended to provide more stable funding for school infrastructure while ensuring that local taxpayers are not disproportionately burdened by property taxes used for educational purposes.

Contention

There may be points of contention surrounding SB1943, particularly regarding how the reduction in property taxes may affect the overall funding capabilities of school districts. Critics might argue that while the bill aims to alleviate tax burdens, it could lead to a shortfall in necessary funding for educational programs and school maintenance, thus potentially affecting the quality of education. Furthermore, the bill could spark debate on whether the proposed reduction aligns with equity goals in funding across diverse school districts that may have differing financial needs.

Companion Bills

No companion bills found.

Previously Filed As

TX SB2

Relating to a local optional teacher designation system implemented by a school district, a security officer employed by a school district, the basic allotment and guaranteed yield under the public school finance system, and certain allotments under the Foundation School Program; making an appropriation.

TX HB38

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.

TX HB4344

Relating to the state assistance with the payment of debt under the public school finance system.

TX SB2

Relating to a local optional teacher designation system implemented by a school district, the basic allotment and guaranteed yield under the public school finance system, and certain allotments under the Foundation School Program; making an appropriation.

TX HB116

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.

TX HB62

Relating to providing school district property tax relief through rent-relief and through adjusting entitlements, compression, and exemptions under the public school finance system.

TX SB58

Relating to the rights and certification of public school educators and assistance provided to public schools by the Texas Education Agency related to public school educators and to certain allotments under the Foundation School Program.

TX SB1

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.

TX HB11

Relating to the rights and certification of public school educators, including financial and other assistance and waivers provided to public schools by the Texas Education Agency related to public school educators, methods of instruction provided in public schools, and certain allotments under the Foundation School Program.

TX HB4188

Relating to the rights, certification, and compensation of public school educators, including financial and other assistance provided to public schools by the Texas Education Agency related to public school educators and to certain allotments under the Foundation School Program.

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