Texas SB436 establishes a grant program for school districts to offset funding reductions due to property value assessments.

The bill, Texas SB436, creates a grant program for the 2025-2026 and 2026-2027 school years to help school districts affected by funding reductions from property value assessments. The grants aim to offset reductions in funding under the Foundation School Program caused by using state property values for the 2024 and 2025 tax years. The grant amount is the difference between the funding the district would have received using local property values and the funding they are entitled to under the current state values. The total grants awarded per school year cannot exceed $175 million.

Texas SB436 establishes a grant program for school districts to offset funding reductions due to property value assessments.

The bill, Texas SB436, creates a grant program for the 2025-2026 and 2026-2027 school years to help school districts affected by funding reductions from property value assessments. The grants aim to offset reductions in funding under the Foundation School Program caused by using state property values for the 2024 and 2025 tax years. The grant amount is the difference between the funding the district would have received using local property values and the funding they are entitled to under the current state values. The total grants awarded per school year cannot exceed $175 million.