Senate Subcommittee on Fiscal Matters Holds Organizational Meeting Yesterday Senate Finance Committee Chairman Steve Ogden appointed a special Subcommittee on Fiscal Matters to be chaired by Senator Robert Duncan. The Subcommittee was charged with finding up to $5 billion in savings and non-tax revenue to balance the budget. Members of the Subcommittee are: Duncan (Chair),…

Materials from Today’s TTARA Meeting A copy of our handout materials from this morning are now available on our website: The Budget and Major Bills: An update on the numbers behind the House budget. Tuesday saw an agreement between the Governor and the House to use a combination of current budget cuts and Rainy Day…

Bills Introduced – 5,345 and Counting! Reserve Your Seat At a TTARA Luncheon in Your Area to Find Out Which Ones You Should Worry About TTARA will host luncheons in Dallas on March 24th and Houston on April 20th to provide an update on budget and tax issues. With money issues dominating the landscape in…

Chairman Pitts Introduces HB2652: Punitive Chapter 313 bill In December, the Comptroller’s office shared with TTARA a list of seven concepts relating to curtailing the benefits of the school property tax limitations offered under Chapter 313 of the Tax Code. Today, House Appropriations Chairman Jim Pitts introduced HB2652, which would incorporate the Comptroller’s concepts into…

New School Finance Proposals by Rep. Hochberg Representative Scott Hochberg (D-Houston) filed two school finance bills today which contrast two diametrically opposed approaches to funding schools in the current budget environment. HB 2485 would adjust current formulas downward to match the level of appropriations in the proposed budget bill—roughly $9.8 billion below current law formulas….