school 'recapture' tax

Ludwig

Junior Member
#1
There's a Community Impact article that says,

"The passage of FISD’s tax ratification election in November increased the district’s maintenance and operations tax rate to the state maximum of $1.17 per $100 valuation. The district also decreased the interest and sinking tax rate, doing what is called a tax swap. The M&O increase is expected to bring in an additional $35 million per year for the district as well as cause FISD to resume paying into recapture a year earlier than projected."

So is FISD having to send additional tax money to the state due to the TRE last month? I don't recall anyone mentioning that as a selling point. The tax increased by $15mm for 2018-19.