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The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas ...
For the 10 years of the tax benefit period, reduced local school district revenues are substantially replaced with state funds through the state public school finance system. [4] The Texas Tax Code gives the Texas Comptroller's office responsibility and authority to adopt rules necessary for the implementation and administration of the program. [5]
The Texas Legislature convenes on Jan. 10. From property taxes to school vouchers, the agenda for the coming Texas legislative session is taking shape as bills are filed in preparation for January.
After the Legislature passed and voters approved a property tax package last year totaling more than $18 billion to increase the state's homestead property tax exemption to $100,000, Patrick is ...
Since 2008, states have reduced their school funding from taxes by 12%, the most pronounced drop on record. [15] The majority of targeted school funding reforms have been in response to court orders, often due to lawsuits. [16] Despite some efforts to improve school funding, 60% of schools report that their facilities need repair. [17]
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The Texas General Land Office (GLO) is a state agency of the U.S. state of Texas, responsible for managing lands and mineral rights properties that are owned by the state. The GLO also manages and contributes to the state's Permanent School Fund. The agency is headquartered in the Stephen F. Austin State Office Building in Downtown Austin. [1]
The Austin school board last month adopted a $1.2 billion budget for the 2024-25 school year that depends on voters in November approving a tax rate of 92.87 cents per $100 of property valuation ...
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