The Houston ISD Board of Education on Thursday approved a 2016-2017 budget that seeks to minimize the classroom impact of the loss of an estimated $162 million in local taxes to the Texas school finance system.
The budget proposal passed on a 5-2 vote, with trustees Manuel Rodríguez, Wanda Adams, Rhonda Skillern-Jones, Jolanda Jones and Michael Lunceford in favor. Trustees Greg Meyers and Anna Eastman were opposed, while Trustees Harvin Moore and Diana Dávila were not present.
For the first time ever, due to rising property values, the state of Texas has designated HISD as a property “wealthy” district, despite a student poverty rate of 76 percent. As a result, Houston schools will lose an estimated $162 million in local tax dollars to the state. If the current school finance system remains unchanged for another year, HISD projects to lose $257 million in local taxes to the state in 2017-2018. This would bring the two-year loss in local funding for Houston schools to an estimated $419 million.
Additional information can be found from local media sources.