The Texas Public Policy Foundation’s chief economist has calculated that the current franchisetax can be eliminated, and the school property tax cut 25 cents, without creating a new tax. This document is intended to offer a viable alternative to the current CSHB3. Texas PublicPolicy Foundation research shows that business taxes – such as on payroll, gross receipts,business activity, and business income – will negatively affect the Texas economy and slow jobgrowth. This plan includes no tax on business, and eliminates the hated business franchise tax.
Here Come the May 2024 Bond Elections
On Saturday, voters around the state will say YEA or NAY to at least 270 separate bond propositions worth an estimated $17.4 billion in new debt (principal only). Any new debt endorsed by voters will, once issued, be added to the existing local debt service outstanding amount, estimated at $461.3 billion in FY 2023, as...