The bill, H.B. No. 390, proposes amendments to the Education Code regarding the components of a school district's enrichment tax rate and the calculation of the guaranteed yield under the Foundation School Program. Specifically, it modifies the enrichment tax rate to allow for an increase from eight cents to a maximum of ten cents over the maximum tax rate previously established. Additionally, it adjusts the calculation of the guaranteed level of state and local funds per weighted student, changing the reference from eight cents to ten cents in the context of the maintenance and operations tax rate.

These changes aim to provide school districts with greater financial flexibility and support by increasing the allowable enrichment tax rate and refining the calculation of guaranteed funding levels. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Education Code 45.0032 (Education Code 45)