Senator Bob Deuell
Texas Senate, District 2
P.O. Box 12068 Capitol Station, Austin, Texas 78711

FOR IMMEDIATE RELEASE
June 7, 2006
CONTACT: Don T. Forse, Jr.
(512) 463-0102

CAPITOL UPDATE

Special Session Update

The Texas Legislature has adjourned from a special session and has successfully addressed the Supreme Court’s mandate to resolve the public school finance issue by June 1. I am proud to be a member of the Texas Legislature and proud of the job we did in providing comprehensive business tax reform while also delivering the largest property tax cut in our state’s history.

Our old franchise tax for business had loopholes that allowed some not to pay their fair share and forced others to unfairly carry the load while schools struggled and homeowners were forced to make up the difference with skyrocketing local property taxes. The new system – through a series of legislative initiatives – will change all of that.

Employers will benefit with a tax system that is fairer, broader and at a substantially lower rate than what we have today. Additionally, homeowners and other property owners will see a property tax reduction in their school property taxes by 33%.

Overview of The Special Session’s Tax and Education Reform

House Bills 1, 2, 3, 4 and 5 as a package make up these historic reforms which are summarized below.

School property taxes are mandated to go to $1.33 in 2007 and $1.00 in 2008, down from $1.50 now to a 33% decrease.

Historic Public School Reform

In addition to reworking the public school finance system, the Texas Senate added some much-need educational reforms, accountability and a long-overdue pay raise for our hardworking teachers.

Among the initiatives to improve education:

The Texas Legislature is now adjourned until January of 2007 or until a time they are called back by the Governor, whichever comes first. In the meantime, we will be studying the many issues that face Texas through the Interim Committee process. To view the Senate Interim Committee charges, or to view any of the legislation passed from this or other Legislative Sessions, you can go to: www.capitol.state.tx.us.

To contact Sen. Deuell about the legislative process, contact the Capitol Office at (512) 463-0102 or mail to Sen. Bob Deuell, Texas Senate, P.O. Box 12068, Austin, TX 78711. The website for the Texas Senate is www.Senate.state.tx.us. The e-mail address for Sen. Deuell is: bob.deuell@senate.state.tx.us

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