Millions at stake for Plano ISD as state task force debates funding formula

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As hundreds of millions of dollars in Plano ISD revenues hang in the balance, a state task force is examining potential reforms to the Texas public school finance formula, which has been plagued with legal battles and reform efforts that failed to pass in the Texas Legislature.

Plano school officials project the district will be required to turn over more than $200 million to the state in recapture payments next fiscal year.

Local officials hope the school finance commission’s work will lead to a revamp of parts of the state’s funding formula to rein in future recapture payments.

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