South Texas school board gives Exxon $1.2B tax break
(WorldNews Business)

PORTLAND - A South Texas school board has approved an estimated $1.2 billion in tax breaks to entice Exxon Mobil Corp. and its Saudi partner to build a $9.3 billion petrochemical plant within its district along the Texas Gulf Coast. The six-member Gregory-Portland ISD`s unanimous vote late Tuesday adds to a $210 million tax package passed a day earlier by San Patricio County commissioners. Exxon and Saudi Arabia Basic Industries Corp. are considering a...