The effect of local ad valorem tax rates, locally imposed homestead exemptions, and the hold harmless clause of Chapter 41 of the Texas Education Code on local funding available to public school finance equalization in the state of Texas

he purpose of the study was to examine the amount of local funding available to the public education finance system for maintenance and operation from local ad valorem taxes and recapture. The local ad valorem tax rates for all 1,034 school districts plus the recapture of all 101 Chapter 41 districts were studied. Five questions with two independent variables and 10 dependent variables were answered.;Questions one, two, and three had one independent and three dependent variables. The independent variable was the current amount of tax collection for maintenance and operation with the currently applied local homestead exemption. Dependent variable one removed the local homestead exemption while dependent variables two and three calculated the M&O collection at the legislatively imposed cap of ;Findings indicated that even with all schools taxing at the legislative maximum of...