by Diane Tuazon
PECOS - For Pecos-Barstow-Toyah ISD (PBTISD); it's the first they've ever been named a 'property rich' school district, and it took them by a surprise.
"We assumed that we might be Chapter 41, but they told us in Austin that we wouldn't be and then the next thing you know they gave us the notice late. Call it what you want, but we were surprised," Interim Superintendent, Wayne Mitchell, said.
The purpose of being labeled a Chapter 41 district or 'property rich' district is to share the wealth with less fortunate district, but the business manager for PBTISD says since they barely made the cut they may not have to give up any funds.
However, they stand to lose some from the state.
"The formula works different, we will lose about $150,000, but we won't know for sure," Business Manager, Cookie Canon, said.
She also says they don't expect the district to stay at Chapter 41 for too long.
"No. We don't expect to. Our values went up last year and that's what the state is running with. They're a year behind this year and we've dropped since then," Canon said.
School officials want everyone to know that losing funding from the state won't hurt any ongoing projects.
"We'll work with what we have. Next year, we'll be back in Chapter 42," Mitchell said.
"No changes right now. If we have to share wealth then yes there will be changes," Canon said.