Yorktown ISD voters approve both funding options
May 11, 2013 at 12:11 a.m.
Updated May 12, 2013 at 12:12 a.m.
Yorktown school district voters approved both recapturing methods in the Chapter 41 issue Saturday's ballot.
The school district can now either send revenue directly to the state or adopt another property poor school district to designate funds.
"First of all, I would like to thank the taxpayers who took the time to vote," said Superintendent Deborah Kneese.
"Furthermore, I am glad that both propositions passed because it will give Yorktown ISD the best options to keep funds locally."
The election was required because the school district's property wealth has moved it into Chapter 41 status, designating it as a wealthy school district because of a state formula.
The property values in the district have tripled in the past year.
The wealth increase is due in part to the increase in property values because of the Eagle Ford Shale drilling in the district.