College Station officials: Repeal of the state franchise tax could cost city up to $615,000

COLLEGE STATION, Tex. (KBTX) - The City of College Station is pushing back against a bill in the state legislature that would cut part of the franchise tax.

The franchise tax is the state's primary tax on business, and it brings in about $4 billion a year.

One bill in the state senate would significantly cut the amount of tax that telecommunications companies, those that provide both phone and cable service, would have to pay to local municipalities.

Leaders in the City of College Station say this particular proposal would significantly hurt the city's general fund, to the tune of an estimated $615,000.

"About half of our general fund revenue goes to support police and fire," said Brian Piscacek. "So, if you take that $600,000, and cut it in half for police and fire for example, you're looking at a $300,000 reduction in public safety."

See the full conversation in the video player above.