The Committee Substitute for Senate Bill 69 appropriately puts in statute a lower sufficient fund balance for the Economic Stabilization Fund (ESF) but inappropriately risks some taxpayer dollars in the ESF to chase higher returns.
Taxes & Spending
Just the Facts: Local Government Spending
Despite billions in property tax relief provided by recent state legislatures, Texans’ property tax bills continue to increase due to unrestricted spending at the local level. Key points: City and county government spending continues to outstrip increases in both population and inflation. While the state government has constitutional and statutory spending limits, local governments do...
August 10, 2026