Members of the Texas House and Senate are now considering legislation to change the Permanent School Fund. Three proposed constitutional amendments, if adopted, would change who makes decisions about the fund, what the spending policy is and would expand the beneficiaries of the fund.
Taxes & Spending
After Tuesday’s Elections, Texas Can Take a Bow
On Tuesday, Texas voters overwhelmingly approved Proposition 4, a constitutional amendment to increase the residence homestead exemption for school district purposes from $40,000 to $100,000. With 99% of precincts reporting, voters approved of the measure by a margin of 83.4% vs. 16.6%. The passage of Proposition 4 cements the Legislature’s $18 billion tax relief package,...
November 8, 2023