'Rich' label worries districts

From statesman, September 21, 2008...

The Leander and San Marcos school districts have entered the ranks of those considered to be property rich under the state's school finance system.

In the short term, those districts will see the amount of money they get from the state decline even as school finance law caps tax rates and restricts property tax revenue they can raise and spend locally. In the long term, as education costs increase, those districts face tough budget decisions — possibly having to cut programs, increase class sizes or hold tax referendums to raise more money.

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