Bill > HB89

This bill makes several key changes related to school district tax rates: 1. It temporarily reduces the maximum compressed tax rate for school districts in the 2022-2023 school year, allowing the state to provide property tax relief by reducing each district's maximum compressed tax rate by an equal amount using appropriated funds. 2. It requires the ballot proposition for a school district tax rate election to include information about the percentage increase in maintenance and operations tax revenue under the adopted tax rate compared to the previous year, as well as the voter-approval tax rate that would apply if the adopted rate is not ratified. 3. It appropriates up to $4 billion from the general revenue fund to the Texas Education Agency to be used for reducing school districts' maximum compressed tax rates in the 2022-2023 school year. The bill aims to provide temporary property tax relief for school districts and improve transparency around school district tax rates and the impact on taxpayers.