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March 24, 2005

Title: Tom Craddick: "They Must be Inept!" - but are they?
Topic: Taxes and Government Spending

Discussed by Billy Hamilton
with Texas Comptroller's Office www.window.state.tx.us

HB 3 was written to reduce the local tax levy on rural property for Public Education. The intent is to reduce this levy from $1.50 per $100 evalutaion to $1.00. This would reduce the levy for public education by 1/3 (33%) but ONLY reduce your total property tax bill by MABYE 18%. HB 3 was to be revenue neutral - i.e.: it was to reduce in one area but raise taxes somewhere else. The Comptroller's Office says the new taxes will not raise enough. What's Up with this - and who's at fault?

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