Making Sense of Our ₵ents
ATTENDANCE CREDIT ELECTION (ACE)
Required Recapture Payments
Prop A is an Attendance Credit Election, which allows voters to approve the process by which the school district makes mandatory recapture payments to the state. If Prop A passes (FOR), VVISD will make its required recapture payments.
Avoids Detachment of Territory
If Prop A fails (AGAINST), VVISD would be subject to a Detachment of Territory, meaning the state could detach a portion of the school district’s total property value.
Keeps Current Tax Base Intact
If Prop A fails (AGAINST), VVISD could need to raise the interest & sinking (I&S) tax rate to pay existing debt with a smaller tax base after some territory is detached.
Prop A: Attendance Credit Election (ACE)
When a school district’s property values have reached a point where they begin to send money back to the state through recapture, state law requires an Attendance Credit Election – also known as a Chapter 49 Election – for voters to approve the process by which the school district makes these mandatory recapture payments if such an election was not held previously.
If passed (FOR), the school district would make its mandatory recapture payments to the state as required under Texas law.
If the measure fails (AGAINST), the school district would be subject to a “Detachment of Territory,” meaning the state will detach a portion of the school district’s total property value. As a result, the school district might need to raise the I&S tax rate to pay existing debt.
For a more detailed explanation of an Attendance Credit Election, visit TEA for more information.
“Authorizing the Board of Trustees of Van Vleck Independent School District to purchase attendance credit from the state with local tax revenues.”