The one-pager outlines our analysis of how a “real cuts” plan compares with scenarios of a 2.5% rollback rate excluding debt and a 4% cap including debt. The current rollback rate is 8%, but it does not include local debt increases. Additionally, a tax ratification election on rates that exceed 8% can only be held...
While the debates over property taxes in the Texas Legislature are mostly held out in the open, the same can’t be said of negotiations surrounding property tax abatements under Chapter 312 of the Texas Tax Code. This controversial economic development incentive is brokered behind closed doors, even though it costs Texas taxpayers millions in foregone revenue. Residents of Concho...
Here’s some grandmotherly advice for lawmakers: Be sure you’re not jumping out of the frying pan and into the fire. In other words, when crafting legislation that will affect hundreds of millions of Americans, keep an eye out for unintended consequences that might make their problems worse. The Patient Protection and Affordable Care Act—popularly known...
The 2018 mid-term elections delivered California Democrats a firm supermajority in both legislative houses after years of steady, incremental gains. Now, as the 2019 legislative session begins there in earnest, it’s clear that the ascendant progressives who control both chambers are intent on increasing taxes. There’s a Democratic drive to hike taxes of every imaginable type – attorneys, car...
Will your paycheck go up by 5 percent or more each year for the next two years? That’s how much your state legislators may raise your taxes. While it’s not over until it’s over, the time to correct the Texas Legislature’s spending excess is quickly running out before sine die. Thankfully, Governor Abbott, Lt. Gov....
Michigan produces more cars and cherries than any other state, but it can do better with the state’s most important product: its children. Michigan is now just one of four states that automatically treats 17-year-olds as adults in the justice system, even for the lowest-level misdemeanors. Fortunately, legislation that was re-filed earlier this month with bipartisan support...
Benjamin Franklin said “By failing to prepare, you are preparing to fail.” It makes sense to prepare for the unexpected. That was the purpose of Texas’ Economic Stabilization Fund (ESF), also known as the state’s “Rainy Day Fund.” But there are efforts this session to abuse the ESF by excessively growing government. The ESF receives...
“Around the time my grandpa passed away I just knew I couldn’t continue to settle for a career that wasn’t fulfilling. For my first three years of college I studied mechanical engineering, and I was sitting in classes hearing about heat transfer and thermodynamics. But people were giving me little hints here and there. I...
La Joya ISD is back in the news again, and not for good reason. Many of us learned recently that the small, underperforming district spent $20 million to build a water park—and that a lot of that funding came from state taxpayers. It was also discovered that the district lost roughly $250,000 running the park...
Imagine if your whole life was defined by a mistake. A lapse in judgment at 19 or 20 meant you couldn’t get a job, find a place to live or provide for your children at 40 or 50. This is the unfortunate reality for many of the one in three Americans with a criminal record,...
Pope Francis has intruded into American politics again, riffing critically on border walls and capitalism. Once again, serious Catholics, including me, are dismayed by the holy father’s ignorance on the issue. Francis’ remarks— especially his comment that “those who build walls will become prisoners of the walls they put up”—reveals an incomplete understanding of the crisis....
The U.S. Bureau of Labor Statistics released its March employment report this morning, estimating that employers added 196,000 nonfarm jobs. The official unemployment rate remained unchanged at 3.8%. The federal bureau revised its January jobs estimate up by 1,000 to 312,000 jobs and revised February’s estimate upwards 13,000 to 33,000, for a total of 14,000 more nonfarm...