AUSTIN, March 7, 2019 - State Representative Sheryl Cole has coauthored House Bill 3, the bipartisan school finance bill proposed by Speaker Dennis Bonnen and Chairman Dan Huberty. It represents the first major rewrite of the state's public school finance system undertaken without threat of a court order. The comprehensive legislation aims to fundamentally transform public school finance in Texas. Rep. Cole has joined dozens of fellow House colleagues in support of the "Texas Plan."
HB 3 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.
Cole had the following to say:
"House Bill 3 benefits District 46 in multiple ways. It significantly reduces our local recapture burden, it quadruples the amount allocated to fast growth districts, and will especially benefit our under-served students. The investment in full-day Pre-K for economically disadvantaged schools and the increase in the Basic Allotment per student will greatly benefit the schools of East Austin, Pflugerville, and Manor. Though East Side schools have been facing closures and shortfalls, the Texas House is gearing up to invest in them. For all that has been done wrong - we are finally on the verge of doing something right."
Speaker Bonnen had the following to say:
"I applaud Rep. Cole for authoring House Bill 3 and for taking us one step closer to passing transformational school finance legislation this session. By committing to meaning, lasting investments in Texas classrooms through House Bill 3, Rep. Cole is at the forefront of preparing our students for the demands of a bustling workforce and keeping the State of Texas a beacon of economic opportunity. I look forward to working with Rep. Cole to pass this critical legislation into law and thank them for their hard work in bringing this priority bill to fruition."
To learn more about HB 3, visit www.thetexasplan.com.