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City approves Chapter 380 retention deal to keep Halliburton operations in Victoria
Summary
Council approved a Chapter 380 economic development agreement intended to retain Halliburton Energy Services in Victoria by rebating up to $500,000 in sales and use tax over five years in exchange for maintaining $150 million in property valuation and at least 40 local jobs.
The Victoria City Council on Tuesday approved a Chapter 380 economic development agreement meant to retain Halliburton Energy Services Incorporated’s equipment and local operations in Victoria.
City staff told the council the company’s potential relocation would have removed a major taxpayer and cost the city an estimated $1.5 million in combined city and sales‑tax development revenue. Under the agreement…
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