$25 million in state funding for F1’s new US grand prix in Austin is in doubt.<\/p>\n
The Texas State Senate’s finance committee has voted 10-4 to pull the package to assist the development of the under-construction Circuit of the Americas, local KXAN news reports.<\/p>\n
“At a time when people are stressed about their schools, stressed about their jobs, stressed about health care and nursing homes, for us to check off $25 million for race cars, I think we make people say where are their priorities,” senator Dan Patrick said.<\/p>\n
“That $25 million would pay for 500 teacher salaries,” he added.\u00a0 “How can we explain to people we’re spending that money on race cars?”<\/p>\n
But the amendment is only to the senate version of the forthcoming state budget, not the version in the House of Representatives.<\/p>\n
The media report said it is likely “most if not all of the incentives” will ultimately be restored.<\/p>\n
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