SB 2 would slow the growth rate of local property taxes by imposing a 2.5 percent property tax revenue trigger whereby a local tax jurisdiction desiring to raise revenue above this rate would automatically trigger an election in November. This could cut the revenue growth rate by more than half, whereby property taxes could not double but every 29 years. Cutting the growth rate by more than half is a great start to keeping Texans from being taxed out of homes and businesses and improving housing affordability.
Public Schools Plead Poverty—What Do the Numbers Say?
Public Schools Plead Poverty—What Do the Numbers Say? We are less than nine months away from the start of the 89th Texas Legislature, and public-school elites and special interest have already started to claim that our public education system is underfunded. Facing a $60 million budget deficit, Austin ISD Superintendent Matias Segura said that the...