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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a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.
Some of those districts have recently approved the change effective for the 2023-24 school year. According to a KXAN analysis, at least 59 districts have made the switch. Some of those districts ...
Jan. 26—Abilene School Board members unanimously approved a resolution to put a $3 million bond request to the voters, with the intention of updating the high school science labs. "I think this ...
The El Paso Independent School District has set a 24-1 student-teacher ratio through the 2022-23 school year to help students get back […] Why One Texas School District Is Using Federal Relief ...
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
As of the 2010–2011 school year, the appraised valuation of property in the district was $199,698,000. [1] The maintenance tax rate was $0.104 and the bond tax rate was $0.000 per $100 of appraised valuation.
Qualified School Construction Bonds (QSCB) are a U.S. debt instrument created by Section 1521 of the American Recovery and Reinvestment Act of 2009.The Tax Cuts and Jobs Act of 2017 eliminated QSCB issuances as of January 1, 2018, rendering any unissued allocation void, although all previously issued QSCBs remain valid as long as they are not reissued. [1]
The U.S. Census Bureau considers the existing K-12 school districts to be independent governments, including the sole municipal school district in the state. [1] Geographical school districts in Texas are (with one exception, the Stafford Municipal School District) completely independent from city or county jurisdiction.