Adjusts basic allotment and guaranteed yield under Texas Foundation School Program to reflect inflation.
The bill amends the Education Code to adjust the basic allotment and guaranteed yield under the Foundation School Program to account for inflation. Starting from the 2025-2026 school year, the basic allotment will increase annually based on the inflation rate, calculated by the comptroller using the Consumer Price Index for All Urban Consumers from the Bureau of Labor Statistics. If the inflation rate is negative, it will be set to zero. This adjustment affects school districts in Texas, ensuring their funding keeps pace with inflation.
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