The state’s prepaid tuition program-the Texas Guaranteed Tuition Plan-will run out of money between 2015 and 2017. By 2030, the program could cost taxpayers as much as $2.1 billion. To avert bankruptcy and keep the program on sound financial footing, reforms need to be made-like those made to the refund policy.
Assessing Tax Trends in the City of Ft. Worth
Does history suggest that property taxes are too high in the city of Ft. Worth? 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...