The Texas Legislature has been vigorously exploring school finance this legislative session. If one bill passes, Central Texas schools could receive more than $1,800 in funding per student starting next year.
According to the Austin-American Statesman, House members are expected to vote this week on House Bill 3 by Rep. Dan Huberty, R-Houston, which would allocate significantly more money toward public schools, costing the state $9 billion over the next two years, $2.7 billion of which would go toward reducing property taxes.
The Statesman reveals details about the bill, saying: “The owner of a $300,000 Austin home would see savings of $150 in 2020, and the Austin school district would receive an estimated $1,759 more per student, the most among Central Texas school districts. The per student figure reflects the reduction in the district’s recapture payment, which property-wealthy school districts must pay to the state to help property-poor districts. The payment would drop by $194 million in 2020.”
Read the full story at the Austin-American Statesman.