City of Victoria Renews Tax Abatement Program Citing Coop as Example of the Program’s Success
When Victoria first adopted its tax abatement program in 2001, it was one of the reasons that South Texas Electric Cooperative decided to keep its plant in Victoria. Proponents of the tax abatement program point to the coop’s $126-million investment as evidence that offering property tax breaks through the program stimulates the local economy. The Victoria Advocate has the full story.