Texas Education Code

§ 48.255 — STATE COMPRESSION PERCENTAGE

ED § 48.255Title 2. PUBLIC EDUCATION · Part I. SCHOOL FINANCE AND FISCAL MANAGEMENT · Ch. 48. FOUNDATION SCHOOL PROGRAM · Art. F. FINANCING THE PROGRAM

Statute text

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(a)In this title, "state compression percentage" means the percentage of the rate of $1.00 per $100 valuation of taxable property that is used to determine a school district's maximum compressed tax rate under Section 48.2551.

(b)The state compression percentage is the lower of:

(1)93 percent, or a lower percentage set by appropriation for a school year;

(2)the percentage determined by the following formula: SCP = PYCP X 1.025/(1 + ECPV); or

(3)the percentage determined under this section for the preceding school year.

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Legislative history

Transferred, redesignated and amended by Acts 2019, 86th Leg., R.S., Ch. 943 (H.B. 3), Sec. 1A.006, eff. September 1, 2020.