Robin Hood Law

If voters approve Prop A, it will generate $171 million in new revenue for the district. Austin ISD will keep $41 million of that, while the rest will go to the state as a result of the recapture system.

District officials said if a voter approval tax rate election is successful in November, it will generate $41 million in additional revenue for the district. Nearly $18 million of that would be used to increase at least 60% of employees’ pay.

The size of Austin ISD’s budget deficit and salary increases for staff largely depend on whether the board calls a Voter Approval Tax Rate Election to generate millions in revenue. Without the funds generated by a new tax rate, the district will be $78 million in the hole.

Austin ISD is staring down a nearly $60 million budget deficit. District officials and school finance experts say adjusting per student spending for inflation would alleviate some of the financial strain public schools are facing.

Rising property values means the district must pay into the recapture system, which was intended to equalize school funding in the state.

A study found AISD paid more than $710 million last school year — three-and-a-half times more Houston ISD, a much larger district. The program is meant to bolster districts in areas with less property wealth.

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