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Texas Education Code - EDUC § 48.2561. Guaranteed Yield Increment Adjustment

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Not later than October 1 of each even-numbered year, for the subsequent state fiscal biennium, the agency shall determine the amount of the guaranteed yield increment adjustment for each state fiscal year of the biennium.  The amount of the guaranteed yield increment adjustment is the difference between:

(1) the estimated cost to the state of maintaining the guaranteed level of state and local funds per weighted student per cent of tax effort under Section 48.202(a-1)(1) at the 96th percentile of wealth per weighted student for each year of the biennium;  and

(2) the state cost of maintaining the guaranteed level of state and local funds per weighted student per cent of tax effort at the amount provided by Section 48.202(a-1)(1).

<(b) expires Sept. 1, 2027 by its own terms.>

(b) Notwithstanding Subsection (a), the amount of the guaranteed yield increment adjustment for each state fiscal year of the state fiscal biennium beginning September 1, 2025, is $55. This subsection expires September 1, 2027.

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Cite this article: FindLaw.com - Texas Education Code - EDUC § 48.2561. Guaranteed Yield Increment Adjustment - last updated January 01, 2024 | https://codes.findlaw.com/tx/education-code/educ-sect-48-2561/

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