Ersatz State Property Tax, Reform
But 10 years later, the Robin Hood plan was in jeopardy again. In November, 2005, the Texas Supreme Court ruled that, since the vast majority of school districts were having to tax at the maximum maintenance-and-operations (M&O) tax rate of $1.50 per $100 of property valuation just to raise enough money to meet state mandates, the school-finance system was, in effect, a state property tax, which is prohibited by the Texas Constitution. The Texas Legislature, meeting in a special session in April and May, 2006, passed legislation that met the court's requirements that local districts have "meaningful discretion" in setting tax rates. A series of bills changed the school finance system to cut school M&O property taxes by one-third by 2008, but allowed local school boards to increase tax rates from the new, lower levels, although generally only with voter approval. Some of the local property tax revenue lost by the one-third cut will be replaced by state revenue from a new business tax and higher cigarette taxes. The Comptroller estimated a five-year $23 billion dollar shortfall from the revised tax system.
Read more about this topic: Robin Hood Plan
Famous quotes containing the words ersatz, state, property and/or reform:
“How, in one short century, has this ersatz sport so strangled the consciousness of the country in the grip of its flabby tentacles that the mention of women’s baseball gets no reaction other than blank amazement?”
—Darlene Mehrer, As quoted in Women in Baseball. Ch. 6, by Gai Ingham Berlage (1994)
“Feminism, like Boston, is a state of mind. It is the state of mind of women who realize that their whole position in the social order is antiquated, as a woman cooking over an open fire with heavy iron pots would know that her entire housekeeping was out of date.”
—Rheta Childe Dorr (1866–1948)
“I would gladly chastise those who represent things as different from what they are. Those who steal property or make counterfeit money are punished, and those ought to be still more severely dealt with who steal away or falsify the good name of a prince.”
—Elizabeth I (1533–1603)
“... the opportunity offered by life to women is far in excess of any offered to men. To be the inspiration is more than to be the tool. To create the world, a greater thing than to reform it.”
—Alice Foote MacDougall (1867–1945)