This paper examines the recent focus on property tax relief and the Texas tax system’s over-reliance on capital-intensive industries, shedding light on another defect in the franchise tax, a capital defect.
Taxes & Spending
Supermajority Solutions for Texas Taxpayers
Texas bond elections often pass with low voter turnout and simple majorities, driving up local debt as a result. Raising voter approval thresholds could protect taxpayers and ensure a stronger consensus for public spending. Key points: Even though tax relief has been funded at the state level, increased debt at the local level has led...
February 3, 2026