General knowledge refresher

General knowledge refresher

General knowledge refresher covers all competitive exams Published this article page no 124 Securing enough funding for the Dallas schools is a problem experienced by many school districts in the United States. Most funding has become program specific, with government controlling its use and generally benefiting only a portion of the Dallas schools students. State funding has been scarce, requiring Dallas schools to rely upon local property and school taxes to cover the general needs of the schools. Additionally, federal government oversight creates a lot more administrative requirements. This means that many of the precious dollars the Dallas schools receive through government funding must be spent on administrative costs, rather than directly to benefit the students.Recently, the Texas legislature passed new legislation for tax and school finance reform. Many are touting the law as especially good for Dallas schools. The law includes tax cuts to businesses, property tax cuts, strong taxpayer protections, and school funding and accountability improvements. Here is how the new legislation affects the Dallas schools.School Property Tax Control.  Previously, the Dallas schools, along with other schools in Texas, could raise the school property tax rate by six cents per $100 of property every year — without voter approval. With the new legislation, any raise of the school property tax rate of more than four cents must have local voter approval.  Additionally, the maximum school property tax was $1.50 per $100 of property. The new legislation will lower that maximum to $1.00 per $100 of property over the next two years latest general knowledge.

General knowledge refresher