Affected by Texas’ multi-billion dollar job losses to other states, nearly 180 top manufacturers, business leaders and economic development leaders across the state are issuing a unified appeal to the Texas Legislature to adopt new state incentives to “bring long-term jobs and income to Texas communities.

High property-tax rates can discourage large expansion projects, such as Texas Instruments’ chipmaking plant in Richardson. Many business leaders are pushing to replace a major tax-abatement program that expired at the end of 2022.

For Immediate Release                                                                                     Contact: Kirsten Voinis February 13, 2023             …

Texas lawmakers have a stunning — some say unprecedented — opportunity to improve state residents’ well-being and educational attainment by tapping some of the nearly $70 billion that’s available this year for new initiatives.

Though some Texas counties saw single-family home values rise 20 percent or more on average in 2022 (in Harris County, it was 21 percent; in Bexar County it was a whopping 28 percent), the experts see appraisal caps as a stopgap that ultimately won’t drive tax bills down.