Texas Attorney General Opinion: V-949 Page: 2 of 10
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eon. Stewart W. Bellman, page 2 (V-949)
designed for calculating the amount of local funds to be
charged school districts. Section 5 of Article VI, S.B.
116s Acts 51st Leg., R.S., 1949 (Foundation School Pro-
gram Act) reads in parts
"Divide the state and county assessed val-
uation of all property in the county subject to
school district taxation for the next preceding
school year into the State and county assessed
valuation of the district for the next preced-
ing school year, finding the district's per-
centage of the county valuation. Multiply the
district's percentage of the county valuation
by the amount of funds assigned to all of the
districts in the county. The product shall be
the amount of local funds that the district
shall be assigned to raise toward the financing
of its Foundation School Program."
Said section further provides:
"The County Tax Assessor-Collector in each
county, . . . shall certify to the State Com*
missioner of Education . . . the following in-
formationt
"(1) The assessed valuation, on a State
and county valuation basis, of all property
subject to school district taxation in each
school district or portion of school district
in such county, and the total assessed valwa-
tion of all property subject to school dis-
trict taxation in the county; . .
Section 1, Article VIII of the Constitution of
Texas, reads in part:
S. . all property in this State shall
be taxed in proportion to its value, which
shall be ascertained as may be provided by
lar. . . .
Section 14, Article VIII of the Constitation
of Texas, provides thats
"There shall be elected by the qualified
electors of each county . . o an Assessor and
Collector of Taxes, , . . and such Assessor
and Collector of Taxes shall perform all the
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Texas. Attorney-General's Office. Texas Attorney General Opinion: V-949, text, November 21, 1949; (https://texashistory.unt.edu/ark:/67531/metapth265768/m1/2/?rotate=90: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.