Wednesday, December 30, 2009

Rising property values fuel Dallas ISD's first 'Robin Hood' payment | News for Dallas, Texas | Dallas Morning News | Latest News


Rising property values fuel Dallas ISD's first 'Robin Hood' payment | News for Dallas, Texas | Dallas Morning News| Latest News:

"For the first time, Dallas taxpayers had to give some of their money to less-affluent school districts in 2008-09, part of Texas' share-the-wealth school finance system that critics and proponents say is out of whack.

Some say the fact that Dallas schools had to pay the 'Robin Hood' payment last school year is proof that the formula doesn't make sense. Nearly 90 percent of DISD schoolchildren are poor, and the school district has been struggling with deficits.

For 2009-10, projections show that Dallas taxpayers will not have to send their money away."