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Arlington ISD approves purchase of attendance credits to meet Chapter 49 recapture
Summary
Trustees unanimously approved delegating authority to the superintendent to enter an attendance-credit (Option 3) agreement under Texas Education Code Chapter 49; administration told the board the district expects a recapture payment in the $4'4.5 million range after changes to the state homestead exemption.
Arlington ISD trustees voted unanimously Aug. 21 to approve an agreement to purchase average-daily-attendance credits under Texas Education Code Chapter 49 to satisfy local access (recapture) obligations.
Interim Chief Financial Officer Noberta Rivas told the board that the purchase is an annual administrative action most districts use to comply with state recapture rules and that the board must submit intent and an agreement by Sept. 1. "This is an annual thing that Arlington ISD has to do," Rivas said when explaining the timeline and why most districts choose Option 3, the…
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