This series evaluates five recommendations designed to create a more accountable, transparent budget process. The reforms include: strengthening the current spending limit; returning surplus revenues to taxpayers; ensuring dedicated funds are used only for their original purpose; providing greater detail to the state budget; and, posting agencies checkbooks online for public review.
Assessing Tax Trends in the City of Dallas
Does history suggest that property taxes are too high in the city of Dallas? And, if so, have local decision-makers actively helped or hurt the situation? To help answer these questions, let’s review the city’s 2024 Annual Comprehensive Financial Report (ACFR) and gather four types of data—i.e., tax levies, local population, total tax rates, and taxable values—over a 10-year time horizon. Using these audited estimates, we can gauge the growth of government (i.e., tax levy trends), assess its reasonability...