June 29, 2020 Comments (0) Views: 690 Austin, Properties, Texas News, Top Texas

Public Opinion Split on Tax Breaks for $1B Tesla Factory in Austin

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Tesla’s proposal to build a $1-billion, five-million-square-foot factory in Austin has meant plans to offer more than $60 million in local tax breaks to the California-based electric vehicle maker. Depending on who you ask, the incentives represent either a shrewd investment that will be a game changer for the region’s economy or a misguided giveaway, the Austin American-Statesman reported.

Those were the dueling narratives in two public hearings, both held remotely: one by the Travis County Commissioners Court last Tuesday, and the other by the Del Valle school board Thursday.

Neither jurisdiction has voted on incentive packages. The item is on the Commissioners Court agenda for this Tuesday, but commissioners may not take a vote, the Statesman reported.

“It will depend if Tesla and the county staff have come to an agreement on their negotiations and if the court wants to take action,” county spokesman Hector Nieto said Friday.

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