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Posts Tagged ‘Valero’

Compromise property tax appraisal bill signed

It’s better than nothing, though not by that much. Gov. Greg Abbott has signed a bill that partially closes a loophole that allowed a powerful oil company to take back millions in tax dollars from Houston-area school districts while draining hundreds of millions more from local government coffers. The measure that won final approval, HB […]

Compromise bill to reform property tax appraisals

Better than nothing, I guess, but not clear to me yet how much better. State lawmakers are looking to partly close a tax loophole that has allowed big companies to drain tens of millions of dollars from local government coffers in recent years, but any reforms that pass may still not end the legal battles […]

How the appraisal game is rigged

The Observer tells the tale of how we got to where we are with the appraisal process and how easy it is for the big boys to get their taxes drastically reduced. At the heart of Valero‚Äôs lawsuits in Moore County was a complicated question: What is a refinery worth? For that matter, what is […]

Valero’s special deal

I’m sorry, I just can’t get behind this. Companies routinely relocate to the city or state that lures them with the best tax break, but Valero wants Houston City Council to give its eastside refinery the same treatment without having to pack its bags. Valero wants most of its Manchester facility, the only refinery inside […]

Valero will not appeal tax break decision

Good. Valero Energy Corp. has decided not to appeal the Texas Commission on Environmental Quality’s rejection of its request for a controversial property tax exemption. […] Valero spokesman Bill Day said the company no longer would seek the exemption because it had reached agreements with appraisal districts for lower valuations on their refineries in all […]

TCEQ denies Valero tax break

Good. Texas environmental regulators have rejected Valero Energy Corp.’s request for a tax break that cities, counties and school districts feared would lead to devastating cuts to their budgets. The Texas Commission on Environmental Quality denied the request because the San Antonio-based oil giant could not show an environmental benefit at its six Texas refineries […]

The Valero effect

This is just what all of our cash-strapped local budgets need right now. The Texas Commission on Environmental Quality is not typically a big player in school finance debates. But an upcoming decision by the commission could strike a major blow to the budgets of many school districts that will have to be made up, […]