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TEA has produced a handbook on school finance.
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The Comptroller has posted the 2009 Truth-In-Taxation Guide for School Districts to its website. For more details, please view full article.
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From the AAS: The outside law firm hired this summer by the Teacher Retirement System of Texas has withdrawn following objections by key legislators and the state attorney general’s office
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From AAS: Of the 51 school districts that proposed an increase in property taxes, 26 were told by voters to hold the line on spending. Two of the state's largest districts – Austin and Corpus Christi – were among the winners as both were given approval to hike their rates slightly.
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From Amarillo Globe News: Amarillo Independent School District voters were among the first this year to be called to the polls. Amarillo ISD asked voters for a 4-cent increase in the property tax rate for operating expenses, which was offset by an equal drop in the tax rate for debt relief. The measure passed Tuesday with 54 percent of the vote.
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Fort Worth Star-Telegram Editorial: "In May, there was a lot of talk in Austin about the possibility that the state would enjoy a budget surplus of more than $10 billion next year. Lt. Gov. David Dewhurst, who was in Washington, D.C., last week to push for federal money to help the state recover from Ike, has a different view of the financial picture..."
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The AG opinion states "...a person meeting the other requirements of chapter 313 who owns such qualified property--building or other improvement or tangible personal property--is eligible to apply for a limitation on the appraised value of the person's qualified property irrespective of whether the person owns or leases the land on which the qualified property is to be placed."
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From the Houston Chronicle: "A growing number of Texas school districts are asking voters to agree to tax rate increases this year to cover employee raises, greater fuel costs and rising utility bills. School boards in Austin and Corpus Christi made the decision this week to seek property tax hikes. In the Houston area, the Alief, Humble and North Forest boards are considering following suit."
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