Bill > HB2121

This bill establishes a Property Value Study Hardship Grant Program for school districts in Texas for the 2025-2026 and 2026-2027 school years. The program allows the commissioner of education to provide grants to school districts to offset funding reductions caused by the state's property value assessment process. Specifically, the grants will cover the difference between what a school district would have received using local property values versus the state-determined property values. Open-enrollment charter schools are not eligible for these grants. The total amount of grants available is capped at $175 million per school year, and the commissioner will prioritize districts experiencing the most significant funding reductions. The grants are additional to existing school funding and cannot be appealed or adjusted after award. School districts may be required to submit additional information to qualify, and the grant program will automatically expire on September 1, 2027. The bill will take effect on September 1, 2025, providing a mechanism to help school districts manage potential financial challenges arising from state property value assessments.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2121