News from the South - Texas News Feed
Texas oil, natural gas industry breaks record: $27.3 billion paid in taxes, royalties | Texas
SUMMARY: In fiscal 2024, Texas’ oil and natural gas industry set multiple records, including paying a record $27.3 billion in taxes and royalties, surpassing last year’s figure by nearly $1 billion. This amount is more than the total tax revenues of 34 states. These funds support essential services such as public schools, universities, and roads. The industry is a major contributor to the state’s education funds, with royalties going into the Permanent School Fund and Permanent University Fund. The industry also significantly funds local school districts and counties, especially in West Texas’ Permian Basin, where it constitutes the majority of the tax base.
The post Texas oil, natural gas industry breaks record: $27.3 billion paid in taxes, royalties | Texas appeared first on www.thecentersquare.com
News from the South - Texas News Feed
What’s happening with the money Travis County approved for affordable child care?
SUMMARY: Travis County approved a 2.5-cent property tax increase in November to fund affordable child care, generating about \$75 million in its first year. This funding aims to create 1,900 child care slots for low-income babies and toddlers and nearly 3,900 after-school and summer slots for elementary students, while incentivizing businesses to expand child care options. Early services are launching this summer and fall, including funding waitlisted families, supporting working parents, and expanding existing programs. Public input has influenced these efforts, especially for children under three, prompting the county to accelerate funding initiatives and partnerships with Austin. The next update is due July 15.
The post What's happening with the money Travis County approved for affordable child care? appeared first on www.kxan.com
News from the South - Texas News Feed
2025 Texas Longhorns football preview: The running back room looks loaded
SUMMARY: The Texas Longhorns running back room is poised for a stronger 2025 season after injuries sidelined key players like CJ Baxter and Christian Clark in 2024. Baxter, returning healthy, is expected to lead alongside Quintrevion Wisner, who rushed for over 1,000 yards last year, and bruising freshman Jerrick Gibson. Depth is bolstered by promising recruits James Simon and Rickey Stewart Jr. The offense may gain new versatility with quarterback Arch Manning’s mobility. However, Texas must improve ball security after fumbling 26 times in 2024. Additionally, new running backs coach Chad Scott replaces Tashard Choice, bringing experience from West Virginia.
The post 2025 Texas Longhorns football preview: The running back room looks loaded appeared first on www.kxan.com
News from the South - Texas News Feed
Breaking down the verdict for Sean “Diddy” Combs
SUMMARY: Hip hop mogul Sean “Diddy” Combs was found guilty of two out of five prostitution-related charges but acquitted of the more serious sex trafficking and racketeering charges after an eight-week trial in Manhattan. The jury deliberated for 13 hours over three days, delivering a mixed verdict. Combs remains jailed awaiting sentencing, with each charge carrying up to ten years. His defense denies involvement and plans to appeal. Despite some relief, the judge denied bail citing past violence. A remote hearing is scheduled for October 3 to possibly expedite sentencing, with credit given for time already served.
Hip-hop mogul Sean “Diddy” Combs was found guilty of two out of five counts of prostitution related charges. He was acquitted of the most serious charges of sex trafficking and racketeering.
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