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.
Don’t Fence Me In: Rural Ranchers Face Mounting Challenges
Editor’s Note: This is the latest part of a series on rural Texas and the challenges that rural Texans face. Over the next year, the Associated News Service will delve into the issues facing the Lone Star State’s 177 (out of 254) rural counties. SULPHUR SPRINGS, Texas — Katie Koon says she didn’t stand a...