Senate Finance Committee Tinkers with SJR 38, the State Property Tax Constitutional Amendment, but Doesn't Improve It. Still Contains Dangerous Limits on Revenue Growth, School Enrichment

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Dick Lavine /(512) 320-0222 x 101

May 9, 2005

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The Senate Finance Committee has made small changes to SJR 38, the constitutional amendment that would permit a state property tax, but did little to fix its fatal flaws before sending it to the full Senate for debate, expected Tuesday, May 10. A state property tax could provide an equitable and growing source of funding for public education. However, the committee substitute still contains several dangerous provisions that would cap growth of revenue from the state property tax and would require a new constitutional amendment to expand school enrichment taxes. With these provisions, a state property tax would no longer offer an acceptable source of funding for public education.