MEDIA ADVISORY Austin Leaders Discuss Need for Legislature to Reduce Capture of Local School Property Taxes
AUSTIN, Texas--Area education, business and labor leaders, as well as elected officials, will discuss the need for the Texas Legislature to reduce the $175 million the state willcapture of local school property taxes.
Participants will include:
When: 5:15-5:30 p.m. Tuesday, Aug. 26
Where: AISD Board Room, 1111 E. 6th St.
Why: We acknowledge the importance of Texas supporting every Texas child. Austin plays an important role in that. AISD and the State of Texas cannot forget that while AISD is considered a property wealthy district, simultaneously 62 percent or 53,000 of our student enrollment is on free and reduced price lunch. The state must recognize this disparity and provide the appropriate funding to address this unique challenge. For the FY2015 budget, AISD taxpayers will have $175 million captured by the state. This is equivalent to:
Since 2002, AISD taxpayers have sent $1.66 billion to the state treasury. This is not earmarked to education, but instead to general revenue. In 2018, if state law is not changed, AISD taxpayers will send more than $300 million to the state treasury.
For more information, please contact Jessica Melton, public relations manager at the Austin Chamber, at email@example.com or (205) 601-5198).