(Austin, Texas) – Today, House Public Education Committee Chairman Dan Huberty filed House Bill 3, legislation that will comprehensively overhaul the public school finance system in Texas and provide fundamental transformation to classrooms across the state. During a historic press conference this morning, Chairman Huberty was joined by House Speaker Dennis Bonnen and dozens of House colleagues at a bipartisan press conference in support of House Bill 3.
"This is transformative. This is going to make a difference. The steps laid out in House Bill 3 will inject nearly $9 billion into the system, devoting more state revenue than ever before to the education of our 5.4 million public school children in Texas. I am honored to present this legislation and look forward to working with the more than 80 House members who have already signed on to co-author this bill," Chairman Huberty stated.
House Bill 3 (also referred to as the "Texas Plan") invests $9 billion above enrollment growth and current law entitlement toward student achievement, teacher quality and property tax reform, and will put more money into Texas classrooms than ever before. School finance and property tax reform are the top priorities for the Texas Legislature this session, and they work hand-in-hand in the Texas Plan. House Bill 3 provides property tax reform by lowering school property tax rates by 4 cents statewide and reduces recapture payments by more than 38% this biennium.
“I applaud Chairman Huberty for filing House Bill 3 and for getting the Texas House one step closer to passing transformational school finance reform. Texas children can no longer wait for action -- the time is now," said Speaker Bonnen. "Chairman Huberty has worked tirelessly to thoughtfully craft this legislation that is built upon years of research, data and testimony. I applaud his commitment to Texas students and teachers, and know that through House Bill 3, the unprecedented investments we're making in classrooms will elevate Texas' education system to be the envy of the world."
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