House Bill 3 (HB3)
House Bill 3 is a bill passed by the 2019 Texas Legislature. For a more detailed explanation of the impact HB3 has had on the school finance, visit the Compression of the Tax Rate part of the Budget Mechanics...
Read MoreHouse Bill 3 is a bill passed by the 2019 Texas Legislature. For a more detailed explanation of the impact HB3 has had on the school finance, visit the Compression of the Tax Rate part of the Budget Mechanics...
Read MoreThe Maintenance and Operations (M&O) part of the tax rate. Dollars from this portion of the rate are used toward expenses like payroll, utilities, supplies and transportation. For a detailed explanation of M&O in Leander...
Read MoreThe Interest and Sinking (I&S) part of the tax rate. Dollars from this portion of the rate can only be used to pay down existing debt. These tax collections cannot be used for operations, such as increasing teacher salaries...
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