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<br />4120/2005 <br /> <br />HB 1198 <br />Relating to public education, public school finance, a state property tax, and <br />related matters. <br /> <br />Current Status: In committee <br /> <br />Section 45.257(b) - provides that for reinvestment zones created before <br />January 1, 2006 and where school districts entered into an agreement with <br />the governing body...that the increment the school district would be required <br />to pay into the tax increment funding will be apportioned between the school <br />district and the state <br /> <br />(Any loss of school district increment caused by school district financing <br />changes by the state shall be made up by the state) <br /> <br />NOTE <br />While not qualified to comment on the entire school financing bill Council <br />may want to support the platform that any loss of school district increment <br />caused by state legislation will be made up by the state. <br />