| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Neutral | Neutral | Neutral | Neutral | Neutral | Neutral |
Relating to the school district property value study conducted by
the comptroller of public accounts.
Passage of the bill would lower the required level of
appraisal for all categories of property sampled from 90 percent to 85 percent
and increase from five percent to 7.5 percent the margin of error the
Comptroller's office may apply in determining the validity of school district
taxable values for use in school funding formulas. As a result taxable values
could be reduced and the related costs to the Foundation School Fund could be
increased through the operation of the school finance formulas.
HB 1568 would alter the definition of an "eligible school district" concerning property value, which is the basis for which schools receive state funding. HB 1568 changes the lower limit of the aggregate local value on sampled property, as determined by the comptroller, to 85% from 90%. In determining if the local value of a school district is valid, the comptroller would now need to use a margin of error that does not exceed 7.5% instead of 5%.
Texas Action is neutral toward HB 1568.