With a number of tax structure modification alternatives are under consideration by policymakers in Texas, one alternative is to fund a property tax reduction with an increase in the sales tax. The size of the property tax reduction being discussed is about 50% of the current levy for school maintenance and operations, or $8.5 billion in 2005. The tax change is reviewed from the perspective of several recognized characteristics of good tax policy. This paper analyzes five alternative formulations (scenarios) of the tax shift according to various sales tax rate and sales tax base-broadening options.
How One Texas Neighborhood Seceded From The Democrat-Run City Hall Ruining Their Lives
The Lost Creek neighborhood in Austin, Texas, is charting a way for communities to band together and break up with abusive city governments. It’s not often that a low-key municipal election makes international news, but one recent contest in an affluent Austin suburb has people excited about its result — and its potential implications for...