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The Effect of Transition to Low-Carbon Energy on Texas Tax Revenues: 2021–2050

John W. Diamond | Jorge Barro | Richard W. Evans

The Effect of Transition to Low-Carbon Energy on Texas Tax Revenues: 2021–2050.

The authors examine the impact of the transition to low-carbon energy on Texas K-12 funding, finding that the education shortfall will likely be between $13 billion and $120 billion over the next 30 years. They consider three potential sources of funding to replace the projected deficit: sales tax expansion, marijuana taxation, and gambling and gaming tax revenue.

Read Rice's press release for an overview of the report. 

https://doi.org/10.25613/EMR2-HS57