Proposed and enacted solutions for securing affordable and reliable energy for Texas consumers run from higher taxes and subsidies to mandated production from alternative fuel sources. However, long-term solutions must rely on a proper understanding of our current situation and market-based innovations.
Small Towns, Big Tax Increases
The city of Whitesboro ignited a firestorm recently when officials suggested adopting a tax rate that would have skyrocketed the average homeowner’s property tax bill by 61 percent. The initial public hearing to discuss the matter drew hordes of angry Whitesboro residents who voiced their discontent. So much so, in fact, that city councilmembers tabled...