88R14307 MEW-F
By: Plesa H.B. No. 4709
A BILL TO BE ENTITLED
AN ACT
relating to a reduction of the amount by which certain school
districts must reduce their local revenue levels in excess of
entitlement under the public school finance system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 48.257, Education Code, is amended by
amending Subsection (a) and adding Subsection (b-1) to read as
follows:
(a) Subject to Subsection (b) and except as provided by
Subsection (b-1), if a school district's tier one local share under
Section 48.256 exceeds the district's entitlement under Section
48.266(a)(1) less the district's distribution from the state
available school fund, the district must reduce the district's tier
one revenue level in accordance with Chapter 49 to a level not to
exceed the district's entitlement under Section 48.266(a)(1) less
the district's distribution from the state available school fund.
(b-1) This subsection applies only to a school district to
which Subsection (a) applies and that adopted a maintenance and
operations tax rate for the 2022-2023 school year equal to or
greater than the sum of the district's maximum compressed tax rate,
as determined under Section 48.2551, and six cents.
Notwithstanding Subsection (a), if, after reducing the tier one
revenue level of a school district to which this subsection applies
as required under Subsection (a), the maintenance and operations
revenue per student in average daily attendance of the district for
a school year would be less than the maintenance and operations
revenue per student in average daily attendance available to the
district for the 2023-2024 school year, excluding any funding
provided to the district under Sections 48.278, 48.279, and 48.281,
the agency shall adjust the amount of the reduction required in the
district's tier one revenue level under Subsection (a) up to the
amount of local funds necessary to provide the district with the
amount of maintenance and operations revenue per student in average
daily attendance available to the district for the 2023-2024 school
year.
SECTION 2. This Act takes effect September 1, 2023.