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TX HB2435

TX HB2435
Relating to the basic allotment and the guaranteed yield under the Foundation School Program, including an adjustment in those amounts to reflect inflation.


summary

Introduced
02/05/2025
In Committee
03/17/2025
Crossed Over
Passed
Dead
06/02/2025

Introduced Session

89th Legislature Regular Session

Bill Summary

AN ACT relating to the basic allotment and the guaranteed yield under the Foundation School Program, including an adjustment in those amounts to reflect inflation.

AI Summary

This bill modifies the Texas Education Code to increase the basic allotment (the foundational funding per student) from $6,160 to $8,947 and introduces an automatic annual inflation adjustment for school district funding beginning in the 2026-2027 school year. The inflation adjustment will increase the basic allotment each year based on the Consumer Price Index for All Urban Consumers, as determined by the comptroller, with a key provision that if the inflation rate is negative, the adjustment will be zero. The bill changes how the guaranteed level of state and local funds per weighted student is calculated by using the new maximum basic allotment amount as the basis for those calculations. The changes are designed to provide more stable and responsive funding for school districts, accounting for rising costs of education by allowing the basic allotment to automatically adjust for inflation. The bill will take effect on September 1, 2025, giving school districts and state education officials time to prepare for the new funding framework.

Committee Categories

Education

Sponsors (1)

Last Action

Referred to Public Education (on 03/17/2025)

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