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> More than half of the district’s budget for the upcoming fiscal year — $940 billion — will go to the state's recapture program, which takes money from propert
by megaman821 3y ago
> More than half of the district’s budget for the upcoming fiscal year — $940 billion — will go to the state's recapture program, which takes money from property-wealthy school districts and distributes it to districts that don’t collect enough property tax revenue to cover costs.
https://www.statesman.com/story/news/education/2023/06/26/austin-isds-deficit-budget-raises-pay-funds-special-education/70339804007/ https://www.statesman.com/story/news/education/2023/06/26/au...
- pandaman 3y agoThanks, there does seem to be a recapture program even though the article doesn't make much sense (940 million is not more than half of 2.1 billion budget for once).
- megaman821 3y agoThat Statesman had a better article but I couldn't find it. It's 2.1 budget for the year: * 940 million goes to the state as recapture (1.8 billion was collected in property taxes) * There is a few hundred million in state and federal grants coming in * They are spending 52 million more than grants + leftover property taxes
- pandaman 3y agoIt does seem people use "taxes" and "budget" as if it's the same thing when discussing this topic.