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A tax increment reinvestment zone (TIRZ) is a political subdivision of a municipality or county in the state of Texas created to implement tax increment financing.They may be initiated by the city or county or by petition of owners whose total holdings in the zone consist of a majority of the appraised property value.
The routine yearly increases district-wide, along with any increase in site value from the public and private investment, generate an increase in tax revenues. This is the "tax increment." Tax increment financing dedicates tax increments within a certain defined district to finance the debt that is issued to pay for the project.
Corpus Christi ISD's bond proposal includes new schools and renovations, including elementary school consolidations.
The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.
The list of candidates who filed applications for Nueces County office or state offices representing part of Nueces County, as shown on the Texas Secretary of State’s website, include:
The Texas Tax Reform Commission (TTRC) was created by Texas Governor Rick Perry in 2005 to modernize the state tax system and provide long-term property tax relief as well as sound financing for public schools. Upon the Commission's creation, Governor Perry requested that the "ultimate recommendations on reforming the state tax structure focus ...
Mar. 21—AUSTIN — The Public Utility Commission of Texas (PUCT) Thursday adopted a new rule implementing the Texas Energy Fund In-ERCOT Generation Loan Program.
The Texas Permanent School Fund is a sovereign wealth fund which serves to provide revenues for funding of public primary and secondary education in the US state of Texas. [2] Its assets include many publicly owned lands within Texas and various other investments; as of the end of fiscal 2020 (August 31), the fund had an endowment of $48.3 ...