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 property that lies within the school district borders divided by the number of students in weighted average daily attendance (WADA). Chapter 41's provisions are sometimes referred to as the "share the wealth" or "Robin Hood" plan because districts that are deemed to be property wealthy are required to share their wealth with property-poor school districts. The funds that are distributed by the property-wealthy districts are "recaptured" by the school finance system to assist with financing of public education in school districts that are property poor.
Law and Rules
Chapter 41 Information and Resources
Chapter 41 Correspondence
Chapter 41 Manuals
Chapter 41 Districts
Chapter 41 Wealth Equalization Data
For additional information, contact:
Office of School Finance
Kim Wall
(512) 463-4809
kim.wall@tea.state.tx.us
May 21, 2013
Commissioner of Education Michael L. Williams today announced he has approved a proposal presented to the Texas Education Agency in a memorandum of understanding that establishes an academic partnership between the Premont Independent School District and Texas A&M University-Kingsville.
May 20, 2013
Commissioner of Education Michael L. Williams today joined representatives of Think Through Math (TTM), a Web-based math program, at a ceremony presenting a check for $11,367 to the American Red Cross West, Texas Relief Fund.
April 30, 2013
Commissioner of Education Michael L. Williams announced today that he will attend the first formal meeting of the El Paso Independent School District (EPISD) board of managers. The meeting, which will include an official swearing-in ceremony and selection of board officers, will take place on Tuesday, May 7, in El Paso.
April 24, 2013
Commissioner Michael L. Williams today met with administrators, educators and students in the West Independent School District to assess the district’s needs for the remainder of the school year. West ISD began classes this week following a tragic explosion that devastated the community on April 17.