Bill > HB337

This bill proposes a new provision in the Texas Education Code that mandates how surplus money in the foundation school fund can be used. Specifically, if the amount appropriated to the foundation school fund for a state fiscal year exceeds the amount that school districts are legally entitled to receive under existing education funding laws, the excess funds can only be used to increase the basic allotment (a fundamental funding mechanism that determines how much money schools receive per student). The basic allotment is a critical component of Texas's school finance system, serving as a base rate that is multiplied by various factors to calculate total funding for school districts. The bill would take effect on September 1, 2025, ensuring that any surplus funds in future fiscal years would be directed specifically toward increasing this foundational funding rate, potentially providing more resources to public schools across Texas.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB337