HISD Board President Wanda Adams recently visited with General Manager of Budgeting and Finance Glenn Reed to discuss the importance of the Recapture issue on the May 6 ballot.
During Adams’ inaugural episode of On the Yard, which will be featured monthly on HISD-TV, Reed outlined the consequences of both options under Proposition 1: a vote for, to purchase attendance credits from the state, or a vote against, to have commercial property detached from HISD tax roll. Continue reading →
HISD voters will be asked on May 6 to decide how the district will pay its Recapture obligation to the state of Texas.
Voters will choose between two options—purchase attendance credits from the state or have commercial property detached. A vote against purchasing attendance credits means that the district permanently will lose tax collections for certain commercial properties. A vote for purchasing attendance credits means that HISD will write a check to the state for local property taxes and continue to make annual recapture payments as long as property wealth grows. A number of community town hall meetings are scheduled for the public to learn more about the vote and HISD’s Recapture status: Continue reading →
TEA will now recognize half of the local homestead exemption in recapture calculations for districts statewide. HISD voters could stop detachment of property in July.
The Houston Independent School District Board of Education on Thursday voted to call a May 6 election to ask voters to authorize sending lower recapture payments to the state rather than face detachment of commercial property in July. A May 6 election must be called by Feb. 17. The swift timing allows the district to follow the deadlines set by the state and Harris County.
Previously, HISD’s recapture obligation was estimated at $162 million. Under the Texas Education Agency’s recent announcement of recognizing half of the local homestead exemption, along with adjustments made to student enrollment and property value figures, HISD is now subject to a reduced $77.5 million recapture obligation or the removal of about $8 billion dollars’ worth of non-residential, commercial properties from HISD’s tax roll.
HISD’s Board Trustees Wanda Adams, Rhonda Skillern-Jones, Anna Eastman, Mike Lunceford, and Holly Maria Flynn Vilaseca voted for the approval of election. Trustees Diana Dávila, Jolanda Jones, and Manuel Rodriguez did not vote in favor of the item. Trustee Anne Sung abstained from voting. The ballot item in May, if passed, would stop the detachment and reassignment of commercial property and authorize the district to send lower recapture payments to the state than those earlier projected. If the measure fails, detachment would begin in July of 2017, unless the Legislature takes action before it adjourns on May 29. Continue reading →
Early voting is underway in an election that includes a measure critical to HISD students and the community: Proposition 1.
Voters will be asked to decide whether to authorize a payment of $162 million in local property tax dollars from HISD to the state by purchasing “attendance credits.” The Proposition 1 ballot language will read:
Authorizing the board of trustees of Houston Independent School District to purchase attendance credits from the state with local tax revenues.
HISD Board President Manuel Rodriguez Jr. sat down recently with Deputy Superintendent and Chief Financial Officer Ken Huewitt to discuss why HISD is subject to sending $162 million in local property taxes to the state this year – and how local voters are being given the option of whether to authorize the payment under Proposition I on the Nov. 8 ballot.
Huewitt explains that the recapture payment is based on a formula – the value of property within the school district divided by the district’s weighted average daily attendance, or WADA. That results in a district’s equalized wealth level. When that number exceeds a level set by state, a district goes into recapture.