If proponents of the Texas aerospace sector need extra reason for cheer this holiday season, an imminent multimillion-dollar tax break could provide it

Tuesday’s Senate Finance Committee interim hearing, led by State Sen. Jane Nelson (R-Flower Mound), brought with it the reemergence of a familiar topic: property taxes.

Officials like to credit the state’s lack of a corporate or personal income tax for making Texas one of the best states for business, but skyrocketing property values have given it a less-desirable ranking: one of the highest effective property tax rates in the nation, according to various studies a

“In addition to eliminating its property tax, Von Ormy, better known as a ‘liberty city,’ carries no debt, spends little, and has more than enough cash on hand to fully cover maintenance and operations costs for a full year in the event of a sudden emergency,” she wrote. “It has stayed true to its original…

Texas is already one of nine states where residents don’t have to pay personal income tax and come November, voters will get to decide if they want to make it harder for the state to implement one.