School finance plan unveiled
posted 01.05.05
Lt. Gov. David Dewhurst unveiled a school finance plan Wednesday, January 12 that he says all of the senators approve. You can read the plan by opening the .pdf file linked below.
Under this plan, franchise tax applies to all business entities except solo proprietors. The plan also includes a statewide property tax of $1 per $100 value to replace the current local school property taxes now capped at $1.50 per $100 value. A constitutional amendment would have pass for this plan to work.