Hear Ye! Hear Ye!...Governor Perry calls Special Session...

According to the official web site of the Office of the Governor, Rick Perry has called for a special session to begin Monday April 17, 2006 at 2:00 p.m. Rick Perry is quoted as stating, "The Texas Supreme Court has ruled that Texas' current tax system must be reformed by June 1." Governor Perry calls the special session a "rare opportunity" for legislators to reduce property taxes, reform the franchise tax, and "ensure our school have a reliable and constitutional stream of revenue". I will have a more detailed report as to the details of the new franchise tax that has been proposed by ex-Comptroller John Sharp. According to a report on Chron.com, Sharp was appointed by Governor Perry to spearhead a committee to "revamp the current franchise tax". I have also logged on to the official web site for the Texas Supreme Court at http://www.supreme.courts.state.tx.us/ to find out more about the ruling regarding school finance. Until then, have a good weekend everybody.