SJR 38, The Constitutional Amendment to Create a State Property Tax, Contains Dangerous Limitations on Revenue Growth, School Enrichment

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Dick Lavine /(512) 320-0222 x 101

May 3, 2005

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SJR 38 by Ogden, the constitutional amendment that would create a state property tax, is likely to be voted on in the next day or two by the Senate Finance Committee. A state property tax could provide an equitable and growing source of funding for public education. However, the proposed committee substitute contains several dangerous provisions that would cap revenue growth and require a supermajority vote to expand school enrichment taxes. With these provisions, a state property tax would no longer offer an acceptable source of funding for public education.