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Highland declared a property wealthy district by the TEA
The Highland Independent School District learned earlier this month that it is a property wealthy district after being notified of its status by the Texas Education Agency.
In TEA terms, Highland is a Chapter 41 district for the 2008-09 school year. Chapter 41 of the Texas Education Code makes provisions for certain school districts to share their local tax revenue with other school districts. ...
The Highland ISD has been declared a Chapter 41 district because of significant increases in property values due to the new wind farms in the district. Nelson said those wind farm values will peak in the 2008-09 school year and then decline due to tax code Chapter 313 property tax limitation agreements ...
June 25, 2008
by Kimberly Gray
in Sweetwater Reporter
The Highland Independent School District learned earlier this month that it is a property wealthy district after being notified of its status by the Texas Education Agency.
In TEA terms, Highland is a Chapter 41 district for the 2008-09 school year.
Chapter 41 of the Texas Education Code makes provisions for certain school districts to share their local tax revenue with other school districts. For the purposes of the school finance system in Texas, districts are designated as either property wealthy or property poor.
The relative wealth of the school district is measured in terms of the taxable value of... [continue via Web link]
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