TITLE: Proposing a constitutional amendment requiring the legislature to set the basic allotment under the Foundation School Program at an amount that reflects a change in the total taxable value of property in the state.

SUMMARY: Proposing a constitutional amendment requiring the legislature to set the basic allotment under the Foundation School Program at an amount that reflects a change in the total taxable value of property in the state.

FULL TEXT:
86(R) HJR 43-Introduced version-Bill Text 86R4419 MEW-D By: Howard H.J.R. No. 43 A JOINT RESOLUTION proposing a constitutional amendment requiring the legislature to set the basic allotment under the Foundation School Program at an amount that reflects a change in the total taxable value of property in the state. BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Article VII, Texas Constitution, is amended by adding Section 3A to read as follows: Sec. 3A. For each state fiscal year, the Legislature shall set the basic allotment under the Foundation School Program at the amount that results from applying the percentage change in total taxable value of property in the state for the current tax year as compared to the preceding tax year to the basic allotment established by the Legislature for the preceding school year, except that the basic allotment may not be set at an amount that is less than the amount of the basic allotment established by the Legislature by statute. SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 5, 2019. The ballot shall be printed to permit voting for or against the proposition: "The constitutional amendment requiring the legislature to set the basic allotment under the Foundation School Program at an amount that reflects a change in the total taxable value of property in the state."