House Appropriations Committee Hears School Funding Bills
08.08.2017 — On Monday, August 7, the House Appropriations Committee heard testimony on bills (left pending) that would impact schools and educators:
HJR 53 (Huberty) would amend the Texas Constitution so that, if the unencumbered balance of the Economic Stabilization Fund (Rainy Day Fund) exceeds $10 billion, the amount in excess of $10 billion would be transferred to the FSF and dedicated to public education. This proposed constitutional amendment would be submitted to voters in November 2017.
HJR 52 (Howard) would provide that, if the amount of revenue for a biennium designated for transfer to the Rainy Day Fund exceeds the comptroller's estimate of the transfer amount for that biennium, any amount in excess of the estimate would be transferred to the Retired School Employees Group Insurance Trust Fund (TRS insurance fund). This proposed constitutional amendment would be submitted to voters in November 2017. Howard also laid out HB 363, relating to the transfer of funds required by HJR 52.