$11.5B Texas school finance bill signed into law
Marquee legislation that will deliver $5 billion in property tax relief and pump an additional $6.5 billion into classrooms and the pockets of teachers over the next two years is now law.
From the cafeteria stage of Parmer Lane Elementary School in the Pflugerville school district, Gov. Greg Abbott on Tuesday signed into law House Bill 3, which makes sweeping changes to the way Texas public schools are financed.
“This one law does more to advance education in Texas than any law that I have seen in my adult lifetime in the state of Texas,” Abbott said. “We stepped up and changed the way we are providing the funding ... for student needs instead of student ZIP codes.”
He also applauded the property tax relief in the bill.
“This law, which transforms education, also transforms property tax in the state of Texas. Taxpayers in the state of Texas have been burdened with an oppressive property tax system that takes too much money out of their pockets,” Abbott said.
Read more: https://www.statesman.com/news/20190611/115b-texas-school-finance-bill-signed-into-law
