HISD voters to decide how to pay Recapture obligation to state

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.

Leave a Reply

Your email address will not be published. Required fields are marked *