Texas HB2124 establishes a grant program for school districts to offset funding reductions due to property value assessments.

Texas HB2124 creates a property value study hardship grant program for eligible school districts. The program provides grants to offset funding reductions under the Foundation School Program due to state property value assessments for the 2024 and 2025 tax years. Grants are the difference between the funding the district would have received using local property values and the funding based on state values. Grants prioritize districts with the greatest funding reductions and cannot exceed $175 million per school year. Open-enrollment charter schools are ineligible.

Texas HB2124 establishes a grant program for school districts to offset funding reductions due to property value assessments.

Texas HB2124 creates a property value study hardship grant program for eligible school districts. The program provides grants to offset funding reductions under the Foundation School Program due to state property value assessments for the 2024 and 2025 tax years. Grants are the difference between the funding the district would have received using local property values and the funding based on state values. Grants prioritize districts with the greatest funding reductions and cannot exceed $175 million per school year. Open-enrollment charter schools are ineligible.