Chapter 313 an attack on school finance equity | Biden’s double-minded oil policies – Pratt on Texas 11/28/2022

The news of Texas covered today includes:

Our Lone Star story of the day: Texas Democrat and Republican parties agree that the corporate welfare of Chapter 313 should end and did not renew such in the in the last legislative session. So why are the political insiders to eager, led by Speaker Phelan, to restart this program that ends on 31 December? More importantly, why do school districts love it so much?

As the appraised property value has been abated, the school district’s appraised value for that property will remain the same for the duration of the abatement. This allows the school district to under report their property values to the state for recapture purposes AKA Robin Hood Taxes.”

School districts appear to love the program, not for economic development, but because it gives them a pot of money, a slush fund, they can spend on new football fields, school buildings, etc. All the while working against the equity model for funding public education.

Our Lone Star story of the day is sponsored by Allied Compliance Services providing the best service in DOT, business and personal drug and alcohol testing since 1995.

Texas Manufacturing Activity Flat, Outlooks Continue to Worsen.

Also, the Biden Administrations double-mindedness on oil and gas continues to roil markets and shows they know the radical anti-oil and gas agenda is an economy buster. Biden wants to shut down domestic production, all while telling oil producers to increase production, yet quietly approves a big Texas oil export terminal. Meanwhile, while enacting policies to hamper domestic production, Biden authorizes Chevron to pump oil with the communist enemies in Venezuala.

Words and how the Left chills free speech by claiming words as their own with new meanings.

Have a chance at winning tickets for the Lubbock trip to the Texas Cowboys’ Christmas Ball.

And, other news of Texas.

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