For Immediate Release                                                                                     Contact: Kirsten Voinis October 26, 2022             …

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.

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.

After a decade of skyrocketing property taxes in much of Texas, both Gov. Greg Abbott and Democrat Beto O’Rourke are making big promises to cut tax bills if they win in November.

A flood of applications for a sunsetting and controversial tax abatement program has Texas officials wading through requests for what are known as Chapter 313 incentives — and unlikely to review all of them before a looming deadline.