The $9 Billion School Finance Problem in Speaker Bonnen’s Backyard

There’s a $9 billion (and growing) problem looming in the backyard of House Speaker Dennis Bonnen. That problem is formally known as Chapter 313.

As Texas’ largest corporate welfare program, it allows school districts to give big corporations steep discounts on property taxes for up to 13 years as a way to incentivize businesses to set up shop in the state. The forgone property tax revenue that districts would have used to fund their share of educating kids is covered by the state.

Such...

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