Leon-Isd

I’ve had a lot of conversations lately about school funding, and one term that keeps coming up is “golden pennies.” It’s confusing, so here’s a plain-English explanation using real numbers. Note: The example below is intentionally simplified and assumes no exemptions, homestead caps, or special adjustments, just to make the concept easier to follow. 🪙 First: what is a “penny”? In Texas, school tax rates are measured in pennies. Literally pennies. ...

A lot of folks have asked what it means that Leon ISD is a “Chapter 41” school district. Here’s a simple explanation. 🟩 What is a Chapter 41 school district? A “Chapter 41” (also called “recapture”) district is a Texas school district that the state considers property-wealthy under state law. That means: The district has more taxable property value per student than the state funding formulas allow. Because of that, the district must send a portion of its local school tax revenue back to the state to help fund other school districts. This system is often referred to as “Robin Hood.” ...