Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 71 directs the Texas Education Agency to use surplus general revenue—specifically any amount exceeding 104% of the prior biennium's general revenue—for property tax relief. The funds must be deposited into the property tax relief fund and used to reduce the state compression percentage in school finance formulas. If the compression percentage reaches zero, school districts would no longer levy Tier 1 M&O property taxes, and the state would fully fund their entitlements.
Author (1)
Ellen Troxclair
Contact the Author
Rep. Ellen Troxclair
Capitol Phone:
Capitol Office:
EXT E1.322
E-Mail:
