H.B. No. 2835 proposes amendments to the Education Code regarding the basic allotment and guaranteed yield under the Foundation School Program, specifically addressing adjustments for inflation. The bill increases the basic allotment per student from $6,160 to $7,075 and introduces a new provision that mandates annual adjustments to this allotment starting in the 2026-2027 school year. These adjustments will be based on the inflation rate as determined by the Texas comptroller, using the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics.

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)