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TX HB2125
Bill
Status
1/27/2025
Primary Sponsor
J.M. Lozano
Click for details
AI Summary
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Applies to school districts where the state value (determined by the comptroller) is used instead of the local value for the district's taxable property value under state law
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Requires the Texas Education Agency to compare whether a district's funding entitlement would be greater using the local property value versus the state-determined value
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Provides a phased adjustment for districts that would receive more funding using 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 per district, with eligibility reset only after a year where the local value is used
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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