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 incorporating the new maximum basic allotment of $7,075 into the calculations for the guaranteed level of funding. This change replaces the previous figure of $6,160 and ensures that the funding formula reflects the updated allotment amount. The bill is set to take effect on September 1, 2025.

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