Bill > HB67

This bill modifies the Government Code to establish a new mechanism for allocating surplus state revenue to property tax relief, specifically for school districts. Under the proposed changes, the state comptroller will be required to deposit half of any excess general revenue at the end of each state fiscal biennium into a designated fund. These funds can only be appropriated to the Texas Education Agency (TEA) and must be used to reduce the state compression percentage, which effectively lowers school district maintenance and operations property taxes. The bill will take effect on the 91st day after the legislative session ends and will apply beginning with the state fiscal biennium starting September 1, 2027. By creating this automatic allocation process, the bill aims to provide a structured approach to returning surplus state funds to taxpayers through targeted property tax reductions, specifically focusing on school district tax rates.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=892&Bill=HB67