The Greater Houston Partnership and other local organizations whose members own some of the city’s priciest commercial real estate have come out in support of a ballot measure over whether the Houston Independent School District should pay its share of property taxes to the state as part of the so-called Robin Hood system of school finance.
The business coalition, which also includes Central Houston, the Houston Building Owners and Management Association, Uptown Houston, the Houston Business Realty Coalition and the “C” Club, said the school district should pay the $77.5 million it owes to the state.
If not, it faces having $8 billion of the city’s highest-valued commercial properties permanently reassigned to another school district, a process referred to as “detachment.”
The detachment process would affect more than 80 commercial properties in the Galleria, Greenway Plaza, and downtown Houston, the coalition said in a statement Monday afternoon. While the value of commercial property slated for detachment this year is $8 billion, HISD estimates it would climb to $22 billion in 2018.
“No one in our community wins under detachment,” Greater Houston Partnership president and CEO Bob Harvey said in the statement. “We are encouraging a vote in support of Proposition 1 so that Houston businesses can continue to help fund Houston’s public schools and its future leaders.”
BOMA supported recapture last November, one of not too many groups or officials to do so. (If the other groups took a position last time, I don’t know what it was.) Very simply, most of the endorsements I saw last year were against the recapture, and most of the ones I am seeing now are in favor. In fact, as I was drafting this post, I saw an ad on TV (on ESPN during the Cubs-Pirates game) in favor of the recapture referendum, paid for by a group called “Houston Taxpayers for Quality Education”. None of this is any guarantee of success for the Yes side – this whole election is too much of an oddball to feel secure in any prediction – but for what it’s worth, the most consistent message I have seen is a message of voting for recapture.