Judge tosses Austin's plan to redirect property taxes to development along Lady Bird Lake

KUT

Other: Moody College of Communication

Other: University of Texas System

Judge tosses Austin's plan to redirect property taxes to development along Lady Bird Lake

Lawyers argued the city violated state law when it created a tax increment refinancing zone, or TIRZ, across several South Austin neighborhoods. The city's plan would have used property taxes to fund, in part, the former Austin American-Statesman site.