House Public Education Committee Discusses HB 1759 School Finance Bill
04.07.2015 — The House Public Education Committee met today, and Chairman Jimmie Don Aycock laid out HB 1759. He began by noting that the goal was to do what is best for Texas’ 5.2 million Texas public school students, and to also try to simplify the school finance system.
Aycock stated that no school will lose funding for the 2015-17 biennium under this plan. He noted that the bill does not deal with the weights and facility funding, but that they are important issues that will need to be addressed in the 2017 legislative session. The bill adds approximately $3 billion above the funding needed to cover enrollment growth.
HB 1759 Highlights:
Increases the Basic Allotment (BA) from $5,040 to $5,888
Raises the Equalized Wealth Level to $588,800
Repeals the CEI and flows the funding through the BA
Repeals the transportation allotment and flows the funding through the BA ($125 ADA = small district adjustment)
Flows funding from the High School Allotment through the BA
Flows Additional Aid for Nonprofessional Salary through the BA
Repeals the 1992-93 chapter 41 Hold Harmless
Extends the CTE allotment to eighth-grade students
Phases out the Midsized Adjustment over several years at 5 percent
Does not change small school adjustments
Moves the majority of schools from ASATR to the formulas by flowing funding through the BA
Addresses the issue of fractional funding up to $1.00