The bill, H.B. No. 595, proposes amendments to the Education Code regarding the basic allotment and guaranteed yield under the Foundation School Program. It introduces a new provision that adjusts the basic allotment annually to account for inflation, starting with the 2026-2027 school year. Specifically, the basic allotment for each student in average daily attendance will be set at $7,075, an increase from the previous amount of $6,160. The adjustment will be based on the inflation rate determined 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 updating the calculations to reflect the new maximum basic allotment. The previous references to $6,160 are replaced with the new amount of $7,075, ensuring that the funding formula aligns with the updated allotment. The bill is set to take effect on September 1, 2025, thereby implementing these changes in the upcoming school years.

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