Bill would reduce HISD’s 2018-19 biennium recapture payment
The Houston Independent School District supports House Bill 21, which passed the Texas House of Representatives April 20 and would lower HISD’s Recapture obligation providing approximately $40 million in additional resources for the 2018-19 biennium.
Houston voters go to the polls on May 6 to decide how to pay this year’s Recapture obligation of $77.5 million. Proposition 1 asks voters whether they want to “purchase attendance credits.” A vote for means HISD will write a check to the state, while a vote against would result in the state’s detachment and reassignment of the district’s most valuable commercial property. Early voting begins April 24, 2017, and ends May 2, 2017. Continue reading