Texplainer: What are the State Event Trust Funds?
Hey, Texplainer: What are the State Comptroller’s Events Trust Funds, and how do they work?
With ground broken on the Formula 1 Circuit of the Americas racetrack southeast of Austin, the racing venue recently found itself in a dispute between the city of Austin and State Comptroller Susan Combs over the use of one of four trust funds intended to encourage the hosting of events in Texas. The funds provide money up front to host events before the state recovers the money from hotel, alcoholic beverage, car rental, sales and general use taxes in the period during and after ...
Comments (4)
Teresa Saldivar via Texas Tribune on Facebook
I see...we can eliminate teaching jobs, but we have money for race tracks. The games and toys of just older rich boys. If that don't say it all about the priorities of Texas' Gov. Perry and his ilk, then nothing else will.
Luisa Newton via Texas Tribune on Facebook
think of all that damn gasoline burnin up in the atmosphere!
Mike Openshaw via Texas Tribune on Facebook
These are programs that should have been totally shut down- and their staff let go- before the education budget was touched. This simply is NOT a proper role for limited government and I think you'd get agreement from the left AND the Tea Parties on that- but NOT the 'Austin Machine'.
Frances Demps via Texas Tribune on Facebook
Really? Teachers are going to have classrooms of 30 or more kindergarteners, and our "leaders" are wasting time on car racing? Really? This fund needs to be defunded and the money given to education, immediately.