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Some Rural Texas School Districts Suddenly Find Themselves Wealthy

SAN ANTONIO (September 17, 2012)--Eight rural South Texas school districts bolstered by tax revenues from the Eagle Ford shale energy boom have found themselves listed under state standards as wealthy, meaning they may have to surrender some of those property taxes to poor revenue districts.

Property values in the 1,200-student Cotulla Independent School District jumped from $534 million in 2010 to $2.3 billion this year.

In Carrizo Springs, they increased from $441 million to nearly $2.5 billion.

But the news isn't all good.

Superintendent Jack Seals said equally booming wages in the oil patch mean he can't compete with the pay to fill jobs as school custodians and cafeteria workers.


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