Shouldn’t the Tarrant Appraisal District’s estimated increases in property values (cont. below)
Q: Shouldn’t the Tarrant Appraisal District’s (TAD’s) estimated increases in property values (resulting in increased tax collections) provide sufficient funds for Fort Worth ISD to operate?
A: The state uses a formula to determine the total amount of local and state aid that the District is projected to earn based on student average daily attendance and special population data. They subtract the amount of local tax collections the District is projected to receive to determine how much state aid the District will receive. Basically, if the tax collections go up, the state aid goes down proportionally.
The amount of revenue we receive each year is to fund the basic operations of the District for that year only. Unfortunately, it does not provide the revenue necessary to fund capital expenditures that are necessary to build new facilities, make major improvements and renovations to existing facilities, replace aging buses and equipment and replace outdated technology.