Bill > HB2122

This bill creates a new provision in the Texas Education Code that allows certain school districts to receive financial adjustments when their property value is determined by the state comptroller instead of local assessments, which could potentially reduce their educational funding. Specifically, the bill applies to school districts where the state value of taxable property is used, and provides a mechanism for the state education agency to compare the district's funding entitlement using local versus state property valuations. If the local value would result in a higher funding entitlement, the school district can receive a phased state aid adjustment: 75% of the difference in the first year, 50% in the second consecutive year, and 25% in the third consecutive year. Importantly, a school district can only receive these adjustments for three consecutive school years, after which they become ineligible for the adjustment for at least one school year. The bill is set to take effect on September 1, 2025, and aims to provide a temporary financial buffer for school districts experiencing potential revenue losses due to state-level property valuation methods.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2122