Longview, TX — Hallsville ISD has settled all but two tax refunds to natural gas storage companies, saving $4.5 million in interest and recovering all but $690,000 from the Texas Education Agency, school officials announced Monday.

The school district was required to pay back taxes from 2003 to 2009 to 20 gas vendors after the Harrison County Appraisal District lost a lawsuit regarding taxing on natural gas storage. The district is in settlement negotiations with two companies, interim Superintendent Jim Dunlap said.

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