Bill > SB435

This bill addresses a specific issue in the Texas public school finance system related to how a school district's property value is assessed. When the state comptroller determines a school district's property value differently from the local assessment (known as using the "state value" instead of the "local value"), this bill provides a financial adjustment mechanism. If the state value results in a lower school district entitlement, the bill allows the school district to receive additional state aid or an adjustment to local revenue limits. The adjustment is phased down over three consecutive years: 75% of the difference in the first year, 50% in the second year, and 25% in the third year. After three consecutive years of receiving this adjustment, the district becomes ineligible for further adjustments for one school year before potentially becoming eligible again. The bill is set to take effect on September 1, 2025, and is designed to provide temporary financial support to school districts adversely impacted by differences between state and local property value assessments.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB435