Is Bond money subject to recapture (Robin Hood)?
No, Bond money is NOT subject to Robin Hood. This is the main reason that property wealthy districts put as many items as possible into bond programs so as to keep costs out of the general operating budget. The operating budget is funded by tax revenues that are subject to recapture. For example, for each $1 of tax revenue for operations, only about 75 cents is retained by the district to pay operating expenses such as utilities, supplies, fuel, salaries, etc. In contrast, 100% of taxes generated by the debt rate stay in GCISD and are used to repay debt.
