DALLAS - A new business tax designed to ease the school finance burden on Texas homeowners could fall about $1 billion short of projections, according to assessments from the state comptroller's office.

Officials note that the shortfall will be offset by other revenue sources that are running ahead of projections, particularly oil and gas income.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.