District facing $107 million shortfall as it prepares to send millions of tax dollars back to the state
Facing a $107 million shortfall for the 2016-2017 school year, the Houston Independent School District is proposing a reconfiguration of district funding methods to ensure the neediest students still receive appropriate resources.
The budget cuts are a result of the state’s funding formula, which requires HISD to send millions of local tax dollars back to the state — a process that is known as recapture and affects districts designated as property-wealthy. Though nearly 80 percent of HISD students come from low-income families, the district is considered property-wealthy because of rising property values throughout the city. Continue reading