Texas SB2576 repeals provisions requiring school districts to reduce their local revenue levels in excess of entitlement.

Texas SB2576 repeals provisions requiring school districts to reduce their local revenue levels in excess of entitlement. The bill amends the Education Code to remove references to reducing local revenue levels and adjusts funding formulas to account for changes in state and local revenue. It also modifies tax code provisions related to tax abatement agreements and taxable property values. The changes aim to provide additional state aid to certain districts and adjust funding based on changes in revenue levels.

Texas SB2576 repeals provisions requiring school districts to reduce their local revenue levels in excess of entitlement.

Texas SB2576 repeals provisions requiring school districts to reduce their local revenue levels in excess of entitlement. The bill amends the Education Code to remove references to reducing local revenue levels and adjusts funding formulas to account for changes in state and local revenue. It also modifies tax code provisions related to tax abatement agreements and taxable property values. The changes aim to provide additional state aid to certain districts and adjust funding based on changes in revenue levels.