LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 9, 2023 TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4456 by Harris, Cody (Relating to the calculation of the no-new-revenue maintenance and operations rate for school districts.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 5 of the tax code, removing the requirements that school districts submit the No-new-revenue tax rate for the district, and that tax rate forms include a calculation for the rate to maintain the same amount of state and local revenue per weighted student that the district received in the school year beginning in the preceding tax year.The bill would define the "No-new-revenue maintenance and operations rate" for a school district as a rate expressed in dollars per $100 of taxable value and calculated in accordance with the Education Code.The bill would remove the word "weighted" from "state and local revenue per weighted student". Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 701 Texas Education Agency LBB Staff: b > td > JMc, KK, LCO, CSmi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 9, 2023
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4456 by Harris, Cody (Relating to the calculation of the no-new-revenue maintenance and operations rate for school districts.), As Introduced
TO: Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4456 by Harris, Cody (Relating to the calculation of the no-new-revenue maintenance and operations rate for school districts.), As Introduced
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4456 by Harris, Cody (Relating to the calculation of the no-new-revenue maintenance and operations rate for school districts.), As Introduced
HB4456 by Harris, Cody (Relating to the calculation of the no-new-revenue maintenance and operations rate for school districts.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 5 of the tax code, removing the requirements that school districts submit the No-new-revenue tax rate for the district, and that tax rate forms include a calculation for the rate to maintain the same amount of state and local revenue per weighted student that the district received in the school year beginning in the preceding tax year.The bill would define the "No-new-revenue maintenance and operations rate" for a school district as a rate expressed in dollars per $100 of taxable value and calculated in accordance with the Education Code.The bill would remove the word "weighted" from "state and local revenue per weighted student".
The bill would define the "No-new-revenue maintenance and operations rate" for a school district as a rate expressed in dollars per $100 of taxable value and calculated in accordance with the Education Code.
The bill would remove the word "weighted" from "state and local revenue per weighted student".
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 701 Texas Education Agency
304 Comptroller of Public Accounts, 701 Texas Education Agency
LBB Staff: b > td > JMc, KK, LCO, CSmi
JMc, KK, LCO, CSmi