Because school facilities taxes are part of many taxpayers’ total school property tax bill, the way that facilities are funded should be a fundamental part of comprehensive school finance reform. The growing investment of state tax dollars to help local school districts pay off facilities debt lends particular urgency to the need for state policymakers to establish standards, accountability, and controls for the debt that local school districts elect to incur and pass along to every taxpayer in the state.
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