Act Now to Preserve Future State Budgets
May 3, 2007
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On Friday, the House may vote on taking another $2.5 billion from our already inadequate general revenue stream to lower school property tax rates by another 9 cents, down to $0.91 per $100 of value. This would be a straight tax swapâ€"replacing property taxes with state general revenue. Actual spending on education would not increase one cent. You must act now to prevent this diversion of general revenue. Tell your state representative to VOTE NO on HB 2785 by Rep. Paxton, which is on Fridayâ€™s calendar. Also tell them to VOTE NO on HJR 44, a proposed constitutional amendment to require a three-fourths vote of the Legislature to raise the rate on the new margins tax, which is also on Fridayâ€™s calendar.