After a one-year hiatus, the Boerne Independent School District is back into recapture status and may end up paying the state as much as $7.5 million this year.
Information shared during the August trustees meeting and from Chief Financial Officer Wes Scott revealed BISD taxable property values increased 23 percent versus the prior year. Combining that with the state’s school funding formula that allots Boerne $6,160 per student determines recapture status. The process is also called “Robin Hood.”
Recapture, or “Robin Hood, is triggered when a district collects more property tax revenue per student than the state allows it to have. Boerne ISD is considered a “property wealthy” school district, so the funds are taken from it by the state and deposited in the state’s general fund. The intent of recapture is to help all school districts have roughly similar amounts of money to spend per child.
