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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.