Companies Help with Tax Bill 12/18/13
CBS 7 News
Two new energy companies coming to West Texas may help with one school district's tax bill.
In last Tuesday’s board meeting, Pecos-Barstow-Toyah ISD voted to allow the companies to build within the district. The district is chapter 41, meaning it normally has to give millions of dollars in taxes to the state in order to help other Texas schools.
Since the two new companies were approved in last night's meeting the district will receive tax abatement.