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by karmajunkie 2746 days ago
Texas has a"Robin hood" school finance system, where districts with high property values are subject to recapture, where they send a large percentage of the property taxes collected to the state to be used for districts in less wealthy areas. If memory serves, Austin ISD sends almost half of its billion dollar budget back to the state.
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$670 million this year. Due to our our exploding home values and decling enrollment.