can anyone shed light on the Texas school funding reform

[robphelan]

link

apparently, it will reduce property tax UP TO 33% by imposing a 1% franchise tax on all businesses and by increasing the Homestead Exemption from $15,000 to $22,500

currently 15 out of 16 businesses avoid paying this tax.

 

[Ronstang]

Nice way to punish businesses. You do realize the largest number of businesses in Texas, and the entire country for that matter, are small privately owned businesses? Maybe the deceitful lying idiots in the Texas Congress need to do what they said they were going to do. Back in 92 the Democratically controlled state government pushed throught the Texas State Lottery and promised that the program would fund public schools. What happened to that? That's right, they wanted the money but then decided to spend it on other things they wanted rather than the things they promised to spend the money on.

 

[CaptnKirk]

Not going anywhere, but . . . As it stands today

 

[conjur]

Hmm...lower property taxes (which would help homeowners stuck with ever-rising property tax bills) and increase, slightly, taxes on businesses.

Where's the problem with that?


What Texas *needs* to do is stop underreporting high school dropouts to make their NCLB program look like it's doing great.

 

[robphelan]

i pay >$5000 in property taxes every year. that's >$400 per month in taxes.

a 1% tax on business doesn't seem that excessive.