Proposing a constitutional amendment dedicating certain general revenue that would otherwise be transferred to the economic stabilization fund to reducing school district maintenance and operations ad valorem taxes.

The text as introduced · 482 words

90R3001 KJE-D

By: Kerwin
H.J.R. No. 60

A JOINT RESOLUTION

proposing a constitutional amendment dedicating certain general

revenue that would otherwise be transferred to the economic

stabilization fund to reducing school district maintenance and

operations ad valorem taxes.

BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 49-g, Article III, Texas Constitution,

is amended by adding Subsections (g-1) and (g-2) and amending

Subsection (h) to read as follows:

(g-1) When the comptroller of public accounts acts to

prevent the amount in the economic stabilization fund from

exceeding the limit in effect for a biennium under Subsection (g) of

this section by reducing an amount transferred to the fund from

general revenue as provided by Subsection (b) or (c) of this section

or by crediting to general revenue interest that is due to the fund

as provided by Subsection (i) of this section, the comptroller

shall transfer an amount of general revenue equal to the amount by

which the balance of general revenue is increased by the reduction

of the transfer from general revenue or the crediting of interest to

general revenue to the tax reduction and excellence in education

fund or a successor fund or account established for the purpose of

reducing school district maintenance and operations ad valorem

taxes.

(g-2) Money transferred to the credit of the tax reduction

and excellence in education fund or a successor fund or account

under Subsection (g-1) of this section may be appropriated only for

the purpose of reducing school district maintenance and operations

ad valorem taxes as provided by general law.

(h) In preparing an estimate of anticipated revenues for a

succeeding biennium as required by Section 49a, Article III,

[ Section 49a, ] of this constitution, the comptroller shall estimate

the amount of the transfers that will be made under Subsections (b),

(d), [ and ] (e) , and (g-1) of this section. The comptroller shall

deduct that amount from the estimate of anticipated revenues as if

the transfers were made on August 31 of that fiscal year.

SECTION 2. The following temporary provision is added to

the Texas Constitution:

TEMPORARY PROVISION. (a) This temporary provision applies

to the constitutional amendment proposed by the 90th Legislature,

Regular Session, 2027, dedicating certain general revenue that

would otherwise be transferred to the economic stabilization fund

to reducing school district maintenance and operations ad valorem

taxes.

(b) The amendments to Section 49-g, Article III, of this

constitution take effect January 1, 2028.

(c) This temporary provision expires January 1, 2029.

SECTION 3. This proposed constitutional amendment shall be

submitted to the voters at an election to be held November 2, 2027.

The ballot shall be printed to permit voting for or against the

proposition: "The constitutional amendment dedicating certain

general revenue that would otherwise be transferred to the economic

stabilization fund to reducing school district maintenance and

operations ad valorem taxes."