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A BILL TO BE ENTITLED
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AN ACT
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relating to school district tax rates, property values, and tax |
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collections used by the commissioner of education in allocating |
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Foundation School Program funding. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The second paragraph of Rider 3, page III-5, S.B. |
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1, Acts of the 85th Legislature, Regular Session, 2017 (the General |
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Appropriations Act), to the bill pattern of the appropriations to |
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the Texas Education Agency is amended to read as follows: |
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Formula Funding: The Commissioner shall make allocations to |
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local school districts under Chapters 41, 42 and 46 based on the |
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March 2017 estimates of average daily attendance and local district |
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tax rates as determined by the Legislative Budget Board and the |
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final tax year 2016 property values. [Property values, and the
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estimates of local tax collections on which they are based, shall be
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increased by 7.04 percent for tax year 2017 and by 6.77 percent for
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tax year 2018.] |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect on the 91st day after the last day of the |
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legislative session. |