Man-Made Fiscal Crisis Worse than 2003: Cutting School Property Taxes to $1.00

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Dick Lavine /(512) 320-0222 x 101

May 5, 2006

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Using state revenue to replace school property taxes, cutting tax rates to $1.00 in 2008, would force a 16% cut in state spending subject to the constitutional cap on spending in the 2008-09 budget. Such a cut would needlessly force damaging cuts in vital state services.