A Mill Tax for the Support of Higher Educational Institutions in Texas

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500, 000. The estimated taxable values in the state for the next two fiscal years amount to approximately $3, 400. ' >00, 000 and $3, 500, 000, 000 each year. If the amounts necessary for the support of all the educational institutions were placed roughly at $10, 000, 000 per annum a fixed tax of 3i/ 2 mills for each year would, on the basis of an increased valuation from year to year, provide the revenue desired by these institutions. If the constitution should be amended so as to provide for ...a tax of 3% mills per year, solely for the support of these educational institutions, and permit the Legislature to increase the millage basis every five years, the funds necessary for all these institutions and the build- ing of a university of the first class would be provided. Among the states that have provided this character of tax are the following: Arkansas, Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Montana, Nebraska, Ne- vada, Ohio, Oregon, Tennessee, Washington, and Wisconsin.

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A Mill Tax for the Support of Higher Educational Institutions in Texas
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