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Analysis: Is ending a tax break easier to swallow than a tax hike?

Lawmakers looking to realign the state's public school finances while also cutting local property taxes can't do both without a lot of money. They don't want to raise taxes, but they have nearly $60 billion in annual tax exemptions that might provide a solution.

State Comptroller Glenn Hegar presents the Biennial Revenue Estimate to waiting legislators, state officials and the press on January 9, 2017.  Hegar predicts a tight budget with falling revenue from Texas oil and gas production and sales taxes.

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