Texas’ government budget is up an excessive 11.8 percent above increases in compounded population growth plus inflation since the 2004-05 budget, and some legislators are frustrated with the budget process because the money saved by cutting spending in one area is often reallocated elsewhere resulting in no reduction in the overall budget. To resolve this problem while relieving taxpayers from the burden of paying higher taxes, we recommend creating the Sales Tax Reduction (STaR) Fund.
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. ...