Texas lawmakers propose changes to school taxing, funding systems
Texas lawmakers have proposed a slew of bills that could introduce big changes to both the main funding mechanism for the state’s public schools and the formula that calculates how much money individual school districts receive.
Read MoreStung by high property taxes? TX leaders promised relief. What that might mean for you
“We can reduce the school property taxes while fully funding schools by using the budget surplus of $27 billion to pay for it,” Abbott wrote in a candidate questionnaire to the Star-Telegram ahead of the November election.
Read MoreHarris County adopts lower tax rate, scraps increases for police after lengthy GOP quorum break
Harris County’s lengthy political battle over its annual budget came to an end Tuesday, with the three-Democrat majority on Commissioners Court forced to adopt a lower-than-planned tax rate.
Read MoreTexas has a $27 billion surplus. Should it cut taxes or invest in infrastructure?
Republicans who are likely to remain in control of the Legislature after next month’s election are talking tax cuts. Democrats are questioning that approach, saying shrewd investments in improving infrastructure and workforce training could help the state economy grow even faster.
Read MoreAs inflation skyrockets, local Texas governments ponder tax rate increases as they balance budgets
Local governments in Texas have spent the summer preparing their budgets for next year, wrestling with inflation and a law that prohibits them from raising property tax revenues beyond 3.5% without voter approval.
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