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Board approves wealth-equalization plan and delegates authority to purchase attendance credits
Summary
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).
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.
The board also voted to delegate contractual authority under Texas Education Code 11.511(c)(4) to the superintendent for the limited purpose of obligating the district to purchase attendance credits netting Chapter 48 funding. Required statutory language was read into the record during the motion. The motions were made, seconded, and approved by voice vote.
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