This report simulates how the proposed Taxpayer Protection Amendment would have affected Texas had it been implemented in 1991–setting the stage for fundamental expenditure reforms in education, health care, corrections, and transportation.
Taxes are High. Local Spending is to Blame.
Over the last few months, local property taxes have been described as: “steep,” “burdensome,” “stressful,” “too high,” and “out-of-control.” Yet despite these sharp (and accurate!) criticisms of Texas’ property tax, many local governments seem oblivious to the system’s excesses, as evidenced by the adoption of high tax rates this year (see TPPF’s Taxman Cometh series) as well as historical tax, spending, and debt patterns. Worse, what once may have been excused as indifference or detachment now borders on exploitation. Consider some recent revelations about local government compensation. ...