BREAKING NEWS FROM AUSTIN: HB 3 PASSES!

During a press conference last Thursday afternoon (watch it here), Gov. Abbott, Lt. Gov. Patrick, and House Speaker Bonnen shared that public school financing and associated school taxes are changing!

HB 3 is a GO! While the G/T per student allotment will be discontinued, the bill was an overall victory as it transforms school education funding and lowers property tax rates across the state. This means:

  • The amount a district receives for each student (PUA) increases by about $1,000 per student.

  • Districts will no longer be funded based on district wealth as measured by property taxes.

  • Lower school tax rates beginning in 2020.

  • Individual school tax rate growth capped to 2.5% a year.

  • District recapture payments to the state reduced by approximately 47%.

  • Veteran (6+ years of service) teachers, counselors, librarians, and nurses should see an average of $4,000 increase to their compensation package, with additional opportunities for incentive and bonus pay schemes.

  • The Teacher Retirement System has been reformed to ensure longevity and sustainability so that all teachers can be confident in their pension.

  • Access to full-day pre-K for low-income students.

  • Increase to funding allotments for dyslexic students.

  • AND MORE. Since this is the last Tiger Beat of the school year, we suggest following updates from a reliable source like the Texas Tribune.

What a momentous end to this school year and to a broken school funding system. Thanks to each of you who took the time to be part of the process by contacting their elected representatives. This is a HUGE success for our state!

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