The State Senate is reportedly close to agreeing on a new school finance plan. That's according to Lieutenant Governor David Dewhurst. He told the Fort Worth Star-Telegram that the package would cut property taxes, while raising taxes on many businesses. It would also increase levies on alcohol and tobacco and possibly increase the state sales tax. The plan could be unveiled next month.
Meanwhile, the Texas Senate could have a proposal of its own ready by January. You'll remember, earlier this year, an Austin judge declared the state's share-the-wealth finance program unconstitutional.