School Finance Moves Forward: House and Senate to Work out Differences in HB 3

Now that competing versions of HB 3 have been passed in each chamber, it is up to the House and Senate to work together to smooth out the differences. While there is a lot of agreement within the two versions of this bill, there are glaring discrepancies. This brief describes the discrepancies of the House and Senate bills in the following subjects: (1) property tax reforms; (2) the use of current or prior year values; (3) teacher pay; and (4) student-based funding.