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School Boards Approve Tax Breaks for SpaceX Terafab

7/15/2026

Summary

School Boards Approve

On July 14, 2026, Anderson-Shiro and Iola school boards approved JETI tax incentives for SpaceX’s Terafab plant.
Votes at 6:30 p.m. and 7:30 p.m. will halve property taxes for ten years for up to $10.37 billion and $6 billion investment.
SpaceX projects at least 1,800 permanent jobs, a 14 % workforce boost, and tens of thousands of construction workers.
Governor Greg Abbott must also approve while residents raised concerns about light, noise, and water use.

Summary

SpaceX Approval Hurdles

SpaceX aims to break ground on phase 1 of the Terafab facility before the end of 2026, pending approvals.
The Iola ISD School Board approved all four JETI agreements in separate 5-2 votes.
Company officials warned the plant could be relocated to another state without the agreements.
Resident Bobbie Jo Swafford said the process felt like a “slap in the face,” fearing community erosion.

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School Boards Approve

On July 14, 2026, Anderson-Shiro and Iola school boards approved JETI tax incentives for SpaceX’s Terafab plant.
Votes at 6:30 p.m. and 7:30 p.m. will halve property taxes for ten years for up to $10.37 billion and $6 billion investment.
SpaceX projects at least 1,800 permanent jobs, a 14 % workforce boost, and tens of thousands of construction workers.
Governor Greg Abbott must also approve while residents raised concerns about light, noise, and water use.

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