Bill > HB1260

This bill modifies the Texas public school financial accountability rating system by adding a specific provision that protects certain school districts from having their assets to liabilities ratio negatively impacted when they are required to reduce local revenue under Section 48.257. Specifically, the bill amends the Education Code to prevent the financial management performance rating system from including any performance measure that would lower a school district's rating for spending less than a specified percentage on instructional purposes. The new provision explicitly states that for school districts required to reduce their local revenue level, any amount they are mandated to spend to comply with Chapter 49 of the Texas Education Code will not be considered when determining the district's assets to liabilities ratio. The bill will apply beginning with the 2025-2026 school year and will take effect immediately if it receives a two-thirds vote in the Texas Legislature, or on September 1, 2025, if it does not receive the necessary immediate approval votes.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1260