Texas Tax Commission to Weigh in on School Funding Options

Albanese, Elizabeth
March 2006
Bond Buyer;3/17/2006, Vol. 355 Issue 32341, p36
Trade Publication
The article reports on the funding options that the Texas Tax Commission develops to support state education. The state Supreme Court has ordered the reduction of its reliance on local property taxes to fund public education due to the decrease in property tax rates by one-third. According to the author, the committee proposed to tap in the budget surplus and expected to recommend a gross receipts tax that would replace the current franchise tax.


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