That part is correct. However, the incorrect part of your thesis is that the school is not getting any revenue. The loss of revenue from property taxing is made up by the state of Texas. And so what I'm saying is going forward, in addition to what we've already done with the state of Texas makes up for any loss of property tax revenue because of homestead exemptions. (09:01–09:07)
CLAIM
Asserts that the state of Texas compensates for any loss in revenue from property taxes due to homestead exemptions.
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