Texas HB4326 proposes to reduce school district maintenance and operations ad valorem taxes by reallocating certain state revenue and constitutional.

Texas HB4326 amends the Education Code to adjust the state compression percentage for school districts, affecting their tax rates. It also modifies the Government Code to reallocate constitutional transfers to the economic stabilization fund, the property tax reduction fund, and the state highway fund. The bill stipulates that these changes will only take effect if a related constitutional amendment is approved by voters. If the amendment fails, the bill will have no effect.

Texas HB4326 proposes to reduce school district maintenance and operations ad valorem taxes by reallocating certain state revenue and constitutional.

Texas HB4326 amends the Education Code to adjust the state compression percentage for school districts, affecting their tax rates. It also modifies the Government Code to reallocate constitutional transfers to the economic stabilization fund, the property tax reduction fund, and the state highway fund. The bill stipulates that these changes will only take effect if a related constitutional amendment is approved by voters. If the amendment fails, the bill will have no effect.