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Spring Branch ISD and Keller ISD Refuse to Make Recapture Payments

Spring Branch ISD and Keller ISD Refuse to Make Recapture Payments School districts that raise more property tax than the amount of their formula entitlement are required to choose one of five options to reduce their wealth level, thus reducing the amount of property tax raised. Those five options are (1) consolidation with another district; (2)…

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Texas Education Agency Releases Preliminary TY2023 “Maximum Compressed Rates” (MCR)

Texas Education Agency Releases Preliminary TY2023 “Maximum Compressed Rates” (MCR) The Texas Education Agency has released preliminary MCR (tier 1) tax rates for TY2023, incorporating both the normal tax rate compression required by current law and the additional tax rate compression mandated by SB 2, 2nd Called Session, 88th Legislature. The statewide MCR tax rate…

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