HB 2125

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.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

HB 2125 creates a mechanism to adjust state aid for school districts experiencing revenue losses due to the comptroller’s use of the state-determined taxable value of property instead of locally assessed values. The adjustments will phase out over three years, with eligible districts receiving 75% of the difference in the first year, 50% in the second, and 25% in the third, after which the adjustment ends.

Author (1)

J. M. Lozano

Contact the Author

Rep. J. M. Lozano

Capitol Phone:

(512) 463-0463

Capitol Office:

CAP 1W.4

E-Mail:

[email protected]

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