Texas Economic Development Act

Kerens ISD approves solar project tax deal

Body

KERENS–Kerens ISD trustees voted Nov. 28 to approve a tax agreement under the Texas Economic Development Act for Elm Flats Solar, a proposed solar facility that is planned within the district near Powell.
Kenny Berry voted no on the agreement while Matt Lynch abstained. The state law allowing such agreements, also known as Chapter 313, limits the appraised property value for school district maintenance and operations (M&O) taxes.