HB 79 reduces school district property taxes by using surplus state revenue to lower the "state compression percentage" that affects local tax rates. It creates a fund from excess state revenue (90% of general revenue over budget growth limits) to decrease this percentage, potentially eliminating a school district's ability to levy tier one maintenance and operations taxes. When the compression percentage reaches zero, districts cannot impose these taxes and automatically receive full state funding as if they had the maximum allowable tax rate. The bill directly affects all Texas public school districts by altering how state funding offsets local property tax burdens.
HB 97 would reduce property taxes for Texas school districts by using surplus state revenue. It requires the state to lower the "compression percentage" (the formula determining how much local property taxes can be reduced) when funds are deposited into the property tax relief fund. If this percentage reaches zero, school districts cannot impose certain local maintenance taxes and will receive full state funding as if they had the maximum tax rate with no local share. This bill directly affects all Texas public school districts by changing how state funds are allocated to offset local property tax burdens.
HB 91 would reduce school district property tax rates by using surplus state revenue to lower the "state compression percentage" that determines how much districts can charge for maintenance and operations. It directs the comptroller to allocate surplus state revenue into a property tax relief fund, which the commissioner can then use to further reduce this percentage. If the percentage reaches zero, school districts would be prohibited from imposing the lowest tier of property taxes and would automatically qualify for full state funding as if they had the maximum allowable tax rate. This bill directly affects all Texas public school districts by potentially lowering their local tax burdens and changing their funding structure.
