For my listeners who have heard me discuss the HISD Prop. 1 ballot issue, here is an article that discusses the election results.
Houston voters tell HISD to force the state’s hand on collecting taxes
A choice between the devil and the deep blue sea, the vote on HISD’s Proposition One – “authorizing the board of trustees of Houston Independent School District to purchase attendance credits from the state with local tax revenues” to the tune of $162 million – has been decided by the voters, 209,069 to $124,632, who have chosen to roll the dice and try to force the state legislature to take up the broken cause of school funding.
Because of the no vote, the state must get its funding somehow, and HISD will now be subject to the detachment of about $18 billion worth of commercial property within district borders next July – starting with the most valuable. The properties would be reassigned to other school districts in Texas, and will be taxed at those districts’ rates.