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