88(3) SB 53 - Introduced version - Bill Text

	By:  Johnson	S.B.  No.  53

	A BILL TO BE ENTITLED
	AN ACT
	relating to an annual adjustment to the basic allotment under the
	Foundation School Program to reflect inflation.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION  1.    Section 48.051, Education Code, is amended by
	amending Subsection (a) and adding Subsection (a-1) to read as
	follows:
	(a)    Subject to adjustment under Subsection (a-1), for [For]
	each student in average daily attendance, not including the time
	students spend each day in special education programs in an
	instructional arrangement other than mainstream or career and
	technology education programs, for which an additional allotment is
	made under Subchapter C, a district is entitled to an allotment
	equal to the lesser of $7,365 [$6,160] or the amount that results
	from the following formula:
	A = $7,365 [$6,160] X TR/MCR
	where:
	"A" is the allotment to which a district is entitled;
	"TR" is the district's tier one maintenance and operations
	tax rate, as provided by Section 45.0032; and
	"MCR" is the district's maximum compressed tax rate, as
	determined under Section 48.2551.
	(a-1)    Beginning with the 2025-2026 school year, the basic
	allotment provided to a district under Subsection (a) or (b) is
	adjusted annually to increase the allotment by the amount that
	results from applying the inflation rate, as determined by the
	comptroller on the basis of changes in the Consumer Price Index for
	All Urban Consumers published by the Bureau of Labor Statistics of
	the United States Department of Labor, to the allotment for the
	preceding school year.
	SECTION  2.    Section 48.202(a-1), Education Code, is amended
	to read as follows:
	(a-1)    For purposes of Subsection (a), the dollar amount
	guaranteed level of state and local funds per weighted student per
	cent of tax effort ("GL") for a school district is:
	(1)    the greater of the amount of district tax revenue
	per weighted student per cent of tax effort available to a school
	district at the 96th percentile of wealth per weighted student or
	the amount that results from multiplying 7,365 [6,160], or the
	greater amount provided under Section 48.051(a-1) or (b)
	[48.051(b)], if applicable, by 0.016, for the first eight cents by
	which the district's maintenance and operations tax rate exceeds
	the district's tier one tax rate; and
	(2)    subject to Subsection (f), the amount that results
	from multiplying $7,365 [$6,160], or the greater amount provided
	under Section 48.051(a-1) or (b) [48.051(b)], if applicable, by
	0.008, for the district's maintenance and operations tax effort
	that exceeds the amount of tax effort described by Subdivision (1).
	SECTION  3.    This Act takes effect February 1, 2024.