@KendallGPace@AustinISD 3/ Ultimately, recapture structurally penalizes the highest-value ISDs the most.
The state extracts capital based on our inflated real estate wealth, but ignores those exact same structural costs in our retained budget. This chart maps a purchasing power deficit, not bloat.
@KendallGPace@AustinISD 2/ ATX housing costs are ~60% higher than Dallas/Houston and have increased at a higher rate since 2019.
When local real estate dictates the labor floor, operating costs are structurally higher. ATX mathematically requires more funding just to keep the lights on.
@KendallGPace@AustinISD The ultimate squeeze is recapture. Austin ISD sends ~$700M annually because high home values make us "wealthy." If the state extracts capital based on local housing costs, how can they justify ignoring those exact same costs when determining our operating budget?
@KendallGPace@AustinISD Look at OpEx growth vs. Housing growth since 2019:
Houston: OpEx +31% | Housing +34%
Dallas: OpEx +30% | Housing +49%
Austin: OpEx +32% | Housing +60%
Budget growth is identical across the major metros. But Austin ISD’s purchasing power is facing a massive structural deficit.
@LeveragedFun@JaredSleeper Most capital belongs in the index; it efficiently removes human judgment.
But for the remaining active game, why are we surprised that human strategies evolved to shorter hold times?
Are we basically mimicking optimal algo strategies?