Texas proposes a constitutional amendment to allocate surplus revenue for school district bond debt.
The bill proposes a constitutional amendment to appropriate surplus revenue for Texas school districts to pay off debt service on bonds supported by ad valorem taxes. The funds, sourced from the general revenue and economic stabilization fund, will be distributed based on student enrollment. Districts must prioritize paying off bonds with the highest interest rates and cannot issue new ad valorem tax bonds for ten years after accepting funds. The amendment will be voted on in the November 4, 2025 election.
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