After several false starts, a school finance plan has emerged after talks between budget and education chiefs in the House and Senate. We've updated our searchable database so you can find out how your district fares.
The latest — and likely final — proposal distributes the $4 billion reduction in state funding to public schools through a hybrid of the approaches advocated by Rep. Rob Eissler, R-The Woodlands, and Sen. Florence Shapiro, R-Plano.
In the first year of the biennium, $2 billion of the $4 billion reduction is reached through what amounts to about a 6 percent across-the-board cut to all school districts. In the second year, Shapiro's Senate Bill 22 takes effect: $1.5 billion of the remaining $2 billion comes from cutting property-wealthy districts. All districts bear cuts to make up that last 25 percent.
During the 2013 session, Shapiro said, lawmakers will adjust the school funding formulas once again based on the money available. The current plan contains a 2018 deadline for the phase-out of target revenue, but as Shapiro pointed out, there are three legislative sessions between then and now.
The full House and Senate will give the plan an up-or-down vote on Sunday as a part of SB 1811, the fiscal matters bill generating non-tax revenue essential to balancing the budget.
One important note: We've removed districts' portion of the $830 million in federal education stimulus money from our projections so you can accurately compare reductions across the various plans that have emerged from the Legislature.