Houston Chronicle Editorial: Texans need more information on wasteful ‘313’ corporate welfare program – not less
FOIFT2021-12-10T18:39:07-06:00Houston Chronicle Editorial Originally published Dec. 10, 2021 There’s a reason Texas lawmakers, Republican and Democrat, got rid of the biggest corporate welfare program in Texas. ... Chapter 313, as it’s known, is a $10 billion boondoggle. The program let wealthy corporations keep a portion of their property values off school district tax rolls for a decade, when property values are often at their peak. It was rife with abuse — some companies claimed they needed tax incentives to lure them to Texas when in fact they’d already broken ground on their Texas projects. It was poorly regulated, with lax standards [...]