Main, News
FISD sees ‘Robin Hood’ rising rapidly
It’s no secret that taxpayers are feeling the burn of property taxes as property values skyrocket. But what many don’t know is exactly how those dollars are being used, and where they’re being sent.
This year, Fredericksburg Independent School District will send an estimated $26.1 million in local property taxes to the state in compliance with the Texas Education Agency Code Chapter 49, commonly known as “recapture” or Robin Hood.
Chapter 49 requires public school districts that have loc...