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TX HB2122
Bill
Status
1/27/2025
Primary Sponsor
J.M. Lozano
Click for details
AI Summary
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Creates a new adjustment mechanism for school districts whose funding calculations use the comptroller's state property value rather than the local appraisal value
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Requires the Texas Education Agency to compare each affected district's funding entitlement using both local and state property values to determine which produces greater funding
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Provides a phased-down compensation to districts that would receive more funding under local values: 75% of the difference in year one, 50% in year two, and 25% in year three
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Limits the adjustment to a maximum of three consecutive school years, after which districts must have at least one year using local values before becoming eligible again
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Takes effect September 1, 2025
Legislative Description
Relating to an adjustment for certain school districts under the public school finance system for revenue lost due to the use of the state value of the district's taxable value of property determined by the comptroller of public accounts.
Taxation
Last Action
Referred to Public Education
3/14/2025