John McKay's tax swap may be threatened if the tax cap goes down today. (and it did. see above)

Taxation commission Mike Hogan said he is going to change his vote because a 1-cent sales tax increase would not cover enough of the revenue shortfall. Hogan said it was not clear during debate that the increase would be limited to a penny.

He also said he views the swap and the cap as working in tandem -- a sentiment shared by Richard Corcoran and other TBRC members who supported the swap. Corcoran said he is not sure how he will vote when the swap comes up for a final vote April 24.

Bruce Kyle said there are outstanding questions about the swap and that "if the facts are borne out that my initial vote was wrong then I have no problem changing it. .. We’ll just have to see."

The swap passed 21-4 last month and was heralded by many as the most significant attempt at tax reform. It would greatly eliminate school property taxes for other revenue sources or budget cutting. Seventeen votes are needed to put something on the November ballot.