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Trustees warned Brackett ISD could face $360,000 recapture as property values grow
Summary
Administrators told trustees that rising certified property values and current state formulas could trigger approximately $360,000 in recapture; staff recommended setting that amount aside during budget planning.
District staff walked trustees through how taxable values and state formulas determine local tax revenue and how the state's recapture mechanism returns excess local collections.
"It does look like our recapture is 360,000," a presenter said, advising trustees to account for that liability in revenue forecasts. Staff described the timing mismatch between July preliminary values, August compressed-rate notices and the final state certification that can force midcycle adjustments.
Officials explained that recapture revenue cannot be used for capital projects or debt and urged conservative planning so the district is not caught with unexpected obligations midyear.
