Houston Independent School District (HISD) is now considered a property-wealthy school district, which means the ISD has a choice: it can annually pay the state some of its tax revenue, which is how other wealthy ISDs comply with state law – or it can have properties permanently taken away and annexed to another school district.
If Prop 1 fails, HISD will lose part of its property tax base, forcing taxes to rise to pay for the bonds that are already outstanding. The detachment of the district’s properties would cause irreversible damage to the school district and its taxpayers and no benefits to the district.
Voting for the proposition will authorize the HISD to comply with state law in the way that over 200 other ISDs already do – by making an annual payment to the state of part of their revenues. HISD’s tax base will be preserved by a FOR vote.
If the Prop 1 fails, detachment from HISD and annexation to Aldine ISD of $8 billion in property will proceed, effective July 1, 2017.