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TX HB595
Bill
Status
11/12/2024
Primary Sponsor
Donna Howard
Click for details
AI Summary
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Increases the basic allotment per student in average daily attendance under the Foundation School Program from $6,160 to $7,075
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Establishes an automatic annual inflation adjustment to the basic allotment beginning with the 2026-2027 school year, based on the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics
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Updates the guaranteed yield formula for Tier 2 school funding to reference the maximum basic allotment amount for the applicable school year rather than a fixed dollar amount
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Applies the inflation-adjusted basic allotment to calculations for both the first eight cents and additional cents of maintenance and operations tax effort above the tier one rate
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Takes effect September 1, 2025
Legislative Description
Relating to the basic allotment and guaranteed yield under the Foundation School Program, including an adjustment in those amounts to reflect inflation.
Education
Last Action
Referred to Public Education
3/3/2025