September 11, 2018      5:32 PM
Senate considers $1.4 billion hit to replace lost property taxes, post-Harvey
The cost to make Harvey school districts whole should between $862 million and $1.36 billion; those numbers will become clearer between next spring and summer – right in the heart of the next legislative session
Texas Senate Finance appears ready
to consider a $1.4 billion one-time boost in the next session to replace school
district taxes on property diminished or lost during Hurricane Harvey.
A dozen school districts already have reappraised
property in the wake of the monster storm, a move that’s cost the state about
This morning, senators appeared ready to put all school
districts impacted by Harvey under that umbrella, even if only for two years.
By Kimberly Reeves