Texas Senate gives local governments more breathing room for property tax revenue growth
After a key Republican holdout agreed to bring a priority bill to the floor, the upper chamber increased an election trigger on revenue increases from 2.5% to 3.5%. But now both chambers must reconcile how they want to tackle rising school district taxes.
Read MoreCRAYMER: THE (HB) 1, 2, 3 OF SCHOOL PROPERTY TAX RELIEF
It’s hard enough to tackle property taxes in Texas without confusing the issue with misinformation, but those criticizing lawmakers for removing the School Property Tax language from House Bill 2 (HB 2) are in fact doing just that. They want you to think that the legislature is turning its back on school tax relief.
Read MoreWould you vote to raise your taxes? Sales tax proposal sparks debate
Texas lawmakers are expected to vote on property tax relief this week. One key question is how to pay for those plans
Read MoreTexas House Postpones Property Tax Vote
AUSTIN, Texas — State lawmakers pumped the breaks on a priority property tax reform bill Thursday. It’s meant to slow down the rate in which your property taxes rise, but the Texas House postponed its expected debate after hours of delay. It appears to be out of courtesy to the Senate. That chamber was the…
Read MoreBroad state sales tax began in 1961
In the years following World War II, Texas suffered years of fiscal challenges. A downturn in the oil and gas market meant the state was getting relatively little by way of tax from that industry. With no personal income tax available for revenue, lawmakers in 1961 turned to a general sales tax as a way…
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