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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a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.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]
In the wake of the coronavirus pandemic, the U.S. Congress passed a series of stimulus bills to provide direct checks to Americans. The last of these was paid out in March 2021. As federal payments...
The Texas Tax Reform Commission (TTRC) was created by Texas Governor Rick Perry in 2005 to modernize the state tax system and provide long-term property tax relief as well as sound financing for public schools. Upon the Commission's creation, Governor Perry requested that the "ultimate recommendations on reforming the state tax structure focus ...
But since the passage of Ohio House Bill 920 in 1976, school-district tax-levy revenues remain flat for the entire term of a levy. Districts receive no inflationary increases on local levies and ...
However, spending growth could be interrupted due to an economic recession, in which case inflation-adjusted per capita spending decreased—and TABOR did not permit inflation-adjusted per capita spending to return to its pre-recession level. This was known as the "ratchet-down effect", and it occurred in FY2001–02 and FY2002–03. [3]
The back-to-school season has changed ever since the pandemic struck, and even though much instruction will take place in-person, some districts will still offer virtual or remote learning. But ...