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Clear Creek ISD delegates authority to purchase attendance credits under TEC to address recapture exposure
Summary
Trustees approved a technical agreement delegating authority to the superintendent to obligate the district to purchase attendance credits from TEA if additional voter-approved pennies are charged, per state law provisions discussed at the Aug. 25 meeting.
The Clear Creek Independent School District Board of Trustees on Aug. 25 authorized the superintendent to obligate the district under provisions of the Texas Education Code for the purpose of approving an agreement to purchase attendance credits from the Texas Education Agency, a technical step required when a district’s property wealth per weighted average daily attendance exceeds statutory thresholds.
Why it matters: For high-wealth districts, certain optional tax-rate increases can trigger state recapture. The attendance-credit process is one option that districts may use to offset recapture exposure; the board recorded its annual delegation…
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