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Groesbeck ISD reviews attendance-credit purchase agreement subject to voter approval under TEC
Summary
The board reviewed an agreement under Texas Education Code chapter 49 to purchase attendance credit for 2024–25; the agreement requires voter approval and payments will be based on commissioner's estimates and adjusted when final data are available.
Groesbeck ISD considered an Agreement for the Purchase of Attendance Credit as allowed by Texas Education Code Chapter 49 during the Aug. 26 meeting. The packet explains the agreement permits the district to reduce its local revenue level to the statutory limit by purchasing attendance credit from the state; the document in the packet cites TEC §49.006 and notes the agreement is subject to voter approval as provided by TEC §49.156.
The board materials make clear initial payments are estimated by the commissioner and final costs will be reconciled when final maintenance-and-operations tax revenue data are available; any overpayment would be refunded and underpayment would require remittance. The agreement language also references reductions for county appraisal district costs per TEC §49.157.
