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An appraised value limitation is an agreement between a taxpayer and a Texas school district in which the taxpayer proposes to build or install property—and create jobs meeting certain job and wage requirements—in exchange for a ten-year limitation on the taxpayer's property value for school district maintenance and operations tax (M&O ...
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a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.
Perhaps the most high-profile was ballot item was the measure investing billions in driving down school property taxes through rate cuts and an increased homestead exemption, from $40,000 to $100,000.
Senate Bill 2 tackles property tax issues, and House Bill 3 directly deals with school finance reform. House Bill 3 raised the amount per student each district is allotted from $5,140 to $6,030, and also reduces school property tax rates by about four percent per $100 in property value. [2] House Bill 1 is the overall budget for Texas.
Shoppers won't have to pay sales tax on a wide array of items, from school supplies to diapers, purchased Friday through Sunday at a Texas store or from an online or catalog seller doing business ...
Inflation fears heat up in Texas as thoughts of back-to-school shopping creep back to parents’ minds. But relief is coming in the form of a tax-free holiday the first weekend of August.
Since 2008, states have reduced their school funding from taxes by 12%, the most pronounced drop on record. [15] The majority of targeted school funding reforms have been in response to court orders, often due to lawsuits. [16] Despite some efforts to improve school funding, 60% of schools report that their facilities need repair. [17]
The school districts in the San Antonio area, and generally in Texas, had a long history of financial inequity. Rodriguez presented evidence that school districts in the wealthy, primarily white, areas of town, most notably the north-side Alamo Heights Independent School District, were able to contribute a much higher amount per child than ...