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Board approves purchase of attendance credit to limit state recapture payments
Summary
Trustees approved an agreement to purchase attendance credit after the superintendent said the district now qualifies as property‑wealthy and seeks to reduce recapture owed to the state.
The board approved an agreement to purchase attendance credit as part of a coordinated funding arrangement to reduce state recapture payments. Superintendent (S2) told trustees that because the district is now classed as property‑wealthy, purchasing attendance credit is a strategy to limit money returned to the state under recapture rules.
"We are now property wealth district, and we're asking to purchase attendance credit so we don't have to send as much money back to the state for recapture," Superintendent (S2) said while explaining the agreement. Trustees moved, seconded and approved the paperwork and signatures necessary to finalize the arrangement.
Superintendent (S2) and staff said the purchase will require signatures and finalization of paperwork; specifics of the credit amount and fiscal impact were in the board packet for review. No roll‑call vote was recorded in the transcript—trustees approved the item by voice vote.
