Texas May pay $20 million for World Cup costs

Texas May pay $20 million for World Cup costs
thought that being chosen to host one of these large sporting events was a positive thing?
Texas taxpayers are expected to cover up to $199.8 million of the expenses for hosting the World Cup in Houston and Dallas a staggering some as FIFA expects to take home billions in profits.
Houston and Dallas local hosting committees requested $ 76.1 million and 123.7 million respectively from the Texas major events reimbursement program according to records obtained by the chronicle the city's projected the World's Cup would result in that much extra tax revenue they have until mid-January to submit requests for reimbursement for the state to receive those funds.
The request show the mass of investment Texas taxpayers will make on behalf of FIFA the global soccer Behemoth expected to take $11 billion in profits from the tournament some news reports have suggested organizations profits could climb to 15 billion meanwhile house City agreements obtained by the chronicle early this year showed FIFA bore little responsibility for paying tournament cost and shared less Revenue than ever before with the cities and states that picked up the tab.
The contracts were so lopsided that several cities withdrew from the bidding process. In host cities that did not get State support, the finances Around the World Cup became a major concern this summer.