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| The Senate Finance Subcommittee on Property Appraisal and Revenue Caps |
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| will meet on Wednesday, August 20, 2008 at 9:00 a.m. in room E1.028 of the |
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| Capitol Extension. The Subcommittee will hear invited and public testimony |
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| regarding Interim Charges #2 and #3. |
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| Interim Charge #2: Study the benefits and limitations of property tax |
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| appraisal caps compared to a limit on revenue a local jurisdiction can |
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| receive without the approval of the voters in the locality. Consider |
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| alternative sources of funding to replace property tax revenues. |
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| Interim Charge #3: Study the cost and benefit to the state of projects |
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| approved by school districts limiting the value of business investment |
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| under the Texas Economic Development Act (Ch 313, Tax Code), and the |
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| funding impact on public schools. |
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