Texas HB390 amends the components of a school district's enrichment tax rate and the calculation of the guaranteed yield under the Foundation School.

Texas HB390 amends the Education Code to redefine a school district's enrichment tax rate. It consists of any additional maintenance and operations tax effort, not exceeding 10 cents over the maximum tax rate, and a calculated amount for tax effort exceeding a specified limit. The bill also modifies the calculation of the guaranteed level of state and local funds per weighted student per cent of tax effort. This Act takes effect September 1, 2025.

Texas HB390 amends the components of a school district's enrichment tax rate and the calculation of the guaranteed yield under the Foundation School.

Texas HB390 amends the Education Code to redefine a school district's enrichment tax rate. It consists of any additional maintenance and operations tax effort, not exceeding 10 cents over the maximum tax rate, and a calculated amount for tax effort exceeding a specified limit. The bill also modifies the calculation of the guaranteed level of state and local funds per weighted student per cent of tax effort. This Act takes effect September 1, 2025.