Discover and read the best of Twitter Threads about #flawedprojections
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THREAD. "just as the tax breaks expired in 2018, Motiva suddenly announced that it was contesting the refinery’s appraised value of $3.5B, saying the structure & its contents were actually worth just $1.5B. Motiva sued..." #Chapter313 #txlege #txed texasobserver.org/texas-largest-…
"Thanks to a team of high-powered lawyers & seemingly endless supply of $ for legal fees, Motiva forced the outmatched appraisal district to settle, saving tens of millions of $ in property taxes in one fell swoop & leaving Port Arthur ISD in crisis" #Chapter313 #txlege #txed
"Port Arthur ISD serves 8,000 predominantly Black & Hispanic and low-income students...The Motiva refinery alone accounts for roughly half its tax base." #Chapter313 #txlege #txed
