Thursday, August 23, 2007

Texas school districts are awarding hundreds millions of dollars in property tax breaks to big business in the name of economic development. The state Comptroller estimates these tax breaks could cost the state over $800 million by 2011. While no state agency is tracking the extent of school districts' use of the tax breaks, the districts are using these development agreements to circumvent Robin Hood, the state's policy for redistributing wealth from rich to poor school districts.
Read the report