Did you know that Texas’ government engages in price xing? Under Title 11 of the Texas Insurance Code, the state has assumed the authority to “completely regulate” the business of title insurance. This means that it sets rates, determines coverage options, and assumes overall control of the details usually negotiated by parties in a transaction.
Just the Facts: Local Government Spending
Despite billions in property tax relief provided by recent state legislatures, Texans’ property tax bills continue to increase due to unrestricted spending at the local level. Key points: City and county government spending continues to outstrip increases in both population and inflation. While the state government has constitutional and statutory spending limits, local governments do...