Bill: HB 3251, 85(R) - 2017
Committee
House Public Education
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| No |
Neutral |
Neutral |
Neutral |
Negative |
Neutral |
Author(s)
Ken King
Bill Caption
Relating to the adjustment for rapid decline in taxable value of
property for school districts.
Fiscal Notes
Estimated Two-year Net Impact to General Revenue Related Funds for HB 3251, As
Introduced: a negative impact of ($383,500,000) through the biennium ending August 31, 2019.
Bill Analysis
HB 3251 would give districts that experience rapid declines in property values, relief by bill striking provisions in the Education code that reduces the amount of funding these type of districts may receive because of the devaluation.
Vote Recommendation Notes
This bill would have the effect of raising the state's school funding responsibility for districts that experience unexpectedly low property values. In a lean budget cycle such as this one, we cannot afford policies that increase the cost burden to the state without addressing the failings of school finance. Furthermore the state and political subdivisions should adapt to changing tax revenue by doing some belt tightening and prioritization in the same way a family experiencing a decrease in income would have to. We oppose HB 3251.
