Texas government must learn to live within its means so that all Texans will continue to enjoy the nation’s top job-producing economy. These reforms will guide us down this path, providing a way to prosperity for all Texas families by decreasing state overspending and reducing future spending growth.
Assessing Tax Trends in the City of Austin
Does history suggest that property taxes are too high in the city of Austin? 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...