State property tax plan in the works Associated Press AUSTIN (AP) - Acting Lt. Gov. Bill Ratliff is drafting a school-funding formula that would include a statewide property tax, an idea that Republican Gov. Rick Perry said Friday he'd "take a look at." Ratliff, the architect of the current school-funding system that relies heavily on local property taxes, is drafting the plan for the 2003 legislative session, when lawmakers are expected to consider whether to overhaul the entire system. Through a spokeswoman, Ratliff declined to give any details of his plan, but confirmed it is in the works. Ratliff expects...