AUSTIN, Texas (Nexstar) – State Rep. Brooks Landgraf has his sights set on Robin Hood again in 2021.
Landgraf officially filed House Bill 1077, which aims to reduce the recapture rate of Robin Hood from mineral wealthy school districts. It’s a battle Landgraf is all too familiar with.
During the 2019 legislative session called for a full repeal of the law saying it put a heavy burden on taxpayers and caused more problems for school districts in the Permian Basin.
Property values, due in part to the success of oil and gas, have risen significantly over the past few years in the Permian Basin forcing more local schools to send money back to the state. Yet, with the fallout in the energy industry, Landgraf says these districts are still sending millions to the state and bearing the brunt of the law.
“The events of last year demonstrate how necessary HB 1077 is for school districts in the oilpatch,” Landgraf said in a statement. “Many Permian Basin school districts are still sending millions of dollars back to the state in recapture payments even after the historic drop in oil demand.”
HB 1077, according to a release from Landgraf’s office, would reduce the amount those districts send back to the state.