School districts in the South Texas Eagle Ford Shale region are preparing to send millions back to the state in coming years. Eight local districts were added to the Texas Education Agency’s list of property-wealthy districts.
The reason is skyrocketing property values. In the past two years, property values in the Carrizo Springs district have increased from $441 to $2.5 billion. Cotulla ISD has seen a similar rise.
This year Cotulla will pay in a little less than $1 million, but next year the payment could swell to as much as $15 million. The wealth is welcomed, but it comes with a host of other obstacles. Several of the disstricts employees are living in trailers on site because of an Eagle Ford Housing shortage.
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