to a little renewable-energy windfall known as wind farms, many West
Texas counties are reaping big money these days. And they’re not
sending it on to the state to be divided up among school districts the
way we’ve long done with oil and natural gas revenue.
firmly anchored in the Texas Economic Development Act of 2001, these
small towns and rural counties have worked out detailed tax abatement
schemes with the wind companies and managed to keep the revenue from
going to the ‘Robin Hood’ program intended to spread such wealth across
the state's school districts.
According to the Associated
Press, 44 school districts will take in $248 million in the next 10
years, their share of more than $700 million in tax breaks doled out.
the two nuke projects on file — including the expansion of the
South Texas Project — the state is offering $1 million for each of the
suggested 500 jobs.
Governor Perry and his Bidness per Usual brunch club are pushing to get a 4-year renewal of the school tax code under HB 3676.
the bill is scheduled to be debated today, Lavine thinks it could be
pushed to Wednesday, the last day proposed legislation can be
All told, the extension of 313 for the next four years will cost the state an estimated $2.4 billion.
analysis of the Comptroller’s data suggests Toyota and Samsung have
together provided half of all the jobs created by 313 programs, though
they represent a fraction (about six percent) of the expense.
break-per-job ratio at San Antonio’s Toyota plant, for instance,
represents a “mere” $30,000 per job. Way to keep it roughly
You can check out the Comptroller's own numbers in the report below.