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Legacy Revolution. in Change. There’s no Range. Cause of the Problem. In 2006 The state legislative was sued by the school districts because of there funding system. The legislative was told by the court to fix the system, And from this three different problems where created; - PowerPoint PPT Presentation
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Legacy Revolution
There’s no Range in Change
Cause of the Problem
In 2006 The state legislative was sued by the school districts because of there funding system. The legislative was told by the court to fix the system, And from this three different problems where created; tax rate election, shortfall and target revenue.
STATE
LOCAL
2005-2006
STATE
LOCAL
OVERTIME
LOCAL
to $ STATE
2011
THE CAP!
Tax Rate Election Issues
1. Tax Rate Election Schedule
2. The amount the tax can be raised
PropertyTaxes
PropertyTaxes
PropertyTaxes
State Taxes State
Taxes
Shortfall
What we did What was expected Now
State Taxes
Shortfall
Effects
1. A 26 billion dollar deficit (shortfall).a. Government is making budget cuts.
2. Schools all over the state have to make
budget cuts.
3. Texas children’s education is being put into jeopardy
SHORTFALL+
TAX RATE ELECTION =
TARGET REVENUE+
BUDGET CRISIS
Target Revenue Solutions
• Change the way money is distributed to schools by using AS (average student) and WS (weighted students). Also changing the amount a student is worth every day they attend school. (AS x 20 x NOSD) + (WS x 30 x NOSD)
• The Cap!!!
Tax Rate Election Solutions 1. Change the scheduling
2. Change the amount you can raise the tax
Shortfall Solutions
• Raise the Property tax to $1.30
• Change the Business margin tax to Profit margin tax
Shortfall Solutions
Property Tax = go up to $1.30Tobacco = stays sameProfit Margin Tax
$1.30 = $2,198 back from each homeAvg. Price of HOME in Texas: $169,086.00
# of houses = 9,724,220 ← 2009 (has increased by now)
21 billion dollars
2,198x 9,724,220
21,373,835,560
