Robin Hood School District List Reaches All-Time High 9/10/12
CBS 7 News
September 10, 2012
The number of Texas school districts considered "property wealthy" reaches an all-time.
According to new data from the Texas Education Agency, a total of 374 school districts fall into the category under chapter 41 of the Texas Education Code.
23 appear on the list for the first time, including Ector County ISD.
Overall, 22 West Texas school districts are on the list.
The Robin Hood Plan is a state law that “recaptures” property tax revenue from property-wealthy school districts and distributed those in property-poor districts.
Lawmakers created this method in an effort to equalize the financing of all districts across the state.
However, opposing groups believe this method of funding is broken and shows that there is not enough money in the system overall.