Proposing a constitutional amendment establishing the property tax reduction fund to reduce school district maintenance and operations ad valorem taxes and dedicating certain unencumbered general revenue and certain general revenue that would otherwise be transferred to the economic stabilization fund to that fund.

HJR 183 proposes a constitutional amendment to create a dedicated "property tax reduction fund" that would lower school district maintenance and operations property taxes. It redirects specific state revenues - unencumbered general revenue and funds otherwise going to the economic stabilization fund - into this new fund, with 25% of the redirected funds allocated to the property tax reduction fund (per amended Section 49-g). The bill does not change current tax rates but establishes a constitutional mechanism to dedicate future state revenue toward reducing school district property taxes. This directly affects Texas public school districts by creating a new funding source for property tax relief.