Texas House: 'Robin Hood' Could Be History By 2004

Albanese, Elizabeth
May 2003
Bond Buyer;5/1/2003, Vol. 344 Issue 31626, p4
Trade Publication
The Texas House of Representatives gave initial approval to a bill that would repeal the school finance law if a replacement plan is available by fall 2004. School finance reform was a major selling point for Republican candidates during the November 2002 elections. House Speaker Tom Craddick, launched a one million dollar study of public education and its cost, appointing a committee to investigate how the state and local school districts have funded education for the 10 years. Craddick and Governor Rick Perry have opposed fellow Republican Lieutenant Governor David Dewhurst's proposal for a constitutional amendment that would reduce local property tax revenues by as much as half and replace that funding with money collected through an increase of the state's 6.25-cent sales tax.


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