89R2895 KJE-D
By: Cain H.J.R. No. 57
A JOINT RESOLUTION
proposing a constitutional amendment dedicating certain general
revenue that would otherwise be transferred to the economic
stabilization fund to reducing school district maintenance and
operations ad valorem taxes.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49-g, Article III, Texas Constitution,
is amended by adding Subsections (g-1) and (g-2) and amending
Subsection (h) to read as follows:
(g-1) When the comptroller of public accounts acts to
prevent the amount in the economic stabilization fund from
exceeding the limit in effect for a biennium under Subsection (g) of
this section by reducing an amount transferred to the fund from
general revenue as provided by Subsection (b) or (c) of this section
or by crediting to general revenue interest that is due to the fund
as provided by Subsection (i) of this section, the comptroller
shall:
(1) determine an amount of general revenue equal to
the amount by which the balance of general revenue is increased by
the reduction of the transfer from general revenue or the crediting
of interest to general revenue; and
(2) transfer the amount determined under Subdivision
(1) of this subsection to the property tax relief fund or a
successor fund or account the primary purpose of which is to reduce
school district maintenance and operations ad valorem taxes.
(g-2) Money transferred to the credit of the property tax
relief fund or a successor fund or account under Subsection (g-1) of
this section may be appropriated only for the purpose of reducing
school district maintenance and operations ad valorem taxes as
provided by general law.
(h) In preparing an estimate of anticipated revenues for a
succeeding biennium as required by Section 49a, Article III,
[Section 49a,] of this constitution, the comptroller shall estimate
the amount of the transfers that will be made under Subsections (b),
(d), [and] (e), and (g-1) of this section. The comptroller shall
deduct that amount from the estimate of anticipated revenues as if
the transfers were made on August 31 of that fiscal year.
SECTION 2. The following temporary provision is added to
the Texas Constitution:
TEMPORARY PROVISION. (a) This temporary provision applies
to the constitutional amendment proposed by the 89th Legislature,
Regular Session, 2025, dedicating certain general revenue that
would otherwise be transferred to the economic stabilization fund
to reducing school district maintenance and operations ad valorem
taxes.
(b) The amendments to Section 49-g, Article III, of this
constitution take effect January 1, 2026.
(c) This temporary provision expires January 1, 2027.
SECTION 3. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 4, 2025.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment dedicating certain
general revenue that would otherwise be transferred to the economic
stabilization fund to reducing school district maintenance and
operations ad valorem taxes."