As lawmakers consider ways to fund Texas government, some are advocating an expansion of state-run gambling to include video lottery terminals, or VLTs. With some projecting a $2 billion windfall, VLTs are an attractive source of income, but studies indicate the costs may outweigh the benefits. Two background papers are also available; one summarizes the economic impacts of gambling, the other provides the calculations used to identify the additional fiscal cost of VLTs.
Is the TASB Risk Fund an ‘Extortive’ Insurance System Rigged Against Texas Taxpayers?
“The risk pool situation in Texas, some would call it extortive,” according to prominent Texas attorney Marc Gravely, founder of Gravely PC and a specialist in high-stakes insurance recovery litigation. Gravely laid out serious legal concerns in a recent podcast surrounding the Texas Association of School Boards’ TASB Risk Fund that should alarm every taxpayer...