The bill, H.B. No. 595, proposes amendments to the Foundation School Program in Texas, specifically addressing the basic allotment and guaranteed yield for school districts. The bill increases the basic allotment per student from $6,160 to $7,075 and introduces a new provision that allows for annual adjustments to this allotment based on inflation, starting in the 2026-2027 school year. This adjustment will be determined by the inflation rate as calculated by the comptroller, using the Consumer Price Index for All Urban Consumers.

Additionally, the bill modifies the guaranteed level of state and local funds per weighted student by incorporating the new maximum basic allotment amount into the calculations. The previous references to the $6,160 allotment are deleted, and the new language emphasizes the updated figures and the mechanisms for calculating the guaranteed level based on the district's tax efforts. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Education Code 48.051 (Education Code 48)