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TAB Prosperity and Jobs Plan


School Finance and Expense Elements

Lower all school tax rates to $1.25 per $100 of valuation
$3 billion
New money for educational excellence incentives
750 million
Eliminate the franchise tax
1.75 billion
___________
Total $5.5 billion


Funding Elements

Unappropriated funds
$800 million
1 cent sales tax increase
2 billion
Broaden sales tax to include personal services
460 million
Video lottery terminals
1.5 billion
Increase car tax to 7.75%
$590 million
Sweep local windfall from base expansion of sales tax
150 million
________
Total $5.5 billion

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