Board approves wealth-equalization plan and delegates authority to purchase attendance credits
The board approved Option 3 (purchase of attendance credits/netting Chapter 48 funding) as its wealth-equalization plan and delegated contractual authority to the superintendent to obligate the district for purchasing attendance credits under TEC 11.511(c)(4).
The full story
Finance staff told the board that the district's estimated local yield per penny is $49.28 WADA and recommended option 3 (purchase of attendance credits) to reduce excess local revenue; administration said preliminary TEA notices indicate recapture payments are not expected for 2026-27. The board approved the wealth-equalization plan.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in