Governor Perry Signs Part of School Reform Bill - KCBD NewsChannel 11 Lubbock

5/18/06

Governor Perry Signs Part of School Reform Bill

Governor Rick Perry signed legislation Thursday that restructures the state business tax to help pay for public schools. The new law is expected to deliver a record $15.7 billion property tax reduction. Perry says the old tax system had loopholes that allowed businesses to avoid paying taxes.

The measure is one of five bills that were part of a school funding package, completed in special session.

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