5 Economic Development Recommendations. Senate Interim Report. +2 Key Points.

Have time for 155 pages of the Senate Natural Resources and Economic Development Committee Interim Report? It has 708 footnotes. 708!

Skip the long read, here’s the 7 highlights on economic development:

• School districts should not be able to waive job requirements under Chapter 313
• Control Chapter 313 for depreciating investments
• Property tax reforms, including reduced roll back rates 
• Strengthen Chapter 313 by requiring auditing and eliminating self reporting
• State oversight over local economic development programs with review by the Economic Incentive Oversight Board  
• Lucio wants to see more small town and rural options under Chapter 313 to win large scale employers
• Zaffarini, Hinojosa, Uresti & Lucio say that property tax roll back reforms are outside the scope of the committee.