Two meetings are being held in north Oak Cliff to discuss raising taxes on businesses in the area. While that news isn’t shocking, believe it or not most businesses are onboard with the idea.
In one of their final joint appearances, Texas Senators Kay Bailey Hutchison and John Cornyn said they hope to avoid going over the so-called “fiscal cliff”. The pair made their statements on Monday before 1,000 members of the Dallas Citizens Council.
Top lawmakers are discussing changes to the troubled Texas business tax, but they promised Wednesday not to use any tax legislation to soak up a huge budget shortfall.
Dallas residents will be paying more in property taxes, but the city says the extra revenue will save hundreds of jobs.