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  • Twelve {"Super Wealthy" Texas) Districts to Benefit Most under {Perry's} Education Plan

    04/13/2004 6:08:56 AM PDT · by Theodore R. · 3 replies · 207+ views
    Laredo, TX, Morning Times ^ | 04-13-03 | Castro, April
    Twelve districts to benefit most under ed plan BY APRIL CASTRO Associated Press Writer AUSTIN - Twelve "super wealthy" school districts stand to gain the most from Gov. Rick Perry's school finance proposal to overhaul the current share-the-wealth school finance system. Perry's plan would attempt to equalize funding to all public schools by allowing each district to keep local residential property tax revenue, eliminating the so-called Robin Hood school finance system, while the state collects and redistributes commercial property tax revenue statewide. But, in an estimated 12 of Texas' 1,039 school districts, the residential property wealth is so high, those...