Mineral valuations eyed as severance tax debate grows
County officials discuss how mineral value affects property tax revenue across the county. Leaders caution the 2007 valuation method based on next year's oil and gas price is unreliable. Industry groups and government seek a fair valuation method with input from both sides as Odessa councilman Dr. James Goates assists.
MENTIONED IN THIS ARTICLE
McCord
Lewis
Texas Independent Producers and Royalty Owners
Texas Oil & Gas Association
Texas Alliance of Energy Producers
Comptroller
James Goates
Odessa
Valuation Fluctuations Hit Ector County Budgets
Ector County faces sharp declines in mineral and total market values from 2008 to 2009 with mineral property down about 20 percent and total market value down around 4.7 percent. Officials warn of potential tax shifts and tighter budgets for the county, schools, and Odessa College if a smoother valuation process isn’t enacted.
MENTIONED IN THIS ARTICLE
Ector County
Ector County Independent
Odessa College
Ector County Hospital
Mineral Property
Odessa
Redford
Rep. Lewis
Robert Abernethy
Medical Center
Ector County Independent School District
Democrats delay Texas legislature over voter ID fight
In Austin the 2009 Texas legislative session opened with a heated rules battle as House Democrats used parliamentary tactics to block bills amid a fight over voter identification requirements. Republicans say reforms are stalling. concerns span college tuition relief, insurance changes, eminent domain limits, and veteran tax relief as Speaker Joe Straus faces a polarized, wobbling House.
MENTIONED IN THIS ARTICLE
Austin
Texas
Senate
John Carona
Dallas
Carona
Joe Straus
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