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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Apr 09, 2004
Page
7
Texas Governor Rick Perry outlined an education finance plan to cut residential property taxes by 6 billion and add 2.5 billion for schools by taxing cigarettes, adult entertainment, and gambling. The plan would end the Robin Hood mechanism, shift taxes to the state, and replace funding with new revenue sources as surpluses appear.
Gov. Rick Perry unveiled a broad package including a per pack cigarette tax raise to fund school finance, video lottery at race tracks, and closing tax loopholes. The plan requires legislative approval and voter backing, with reactions mixed as lawmakers caution and Democratic leaders criticize it as undermining public schools.
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