The growth of municipal property taxes has steadily increased over the past twenty years, fast outpacing population and inflation growth. Although the Texas Legislature has provided cities with a tool to lessen the tax burden on residents — allowing cities to exempt up to 20 percent or $5,000 of the value of a homestead residence from municipal taxation — many cities have not yet made use of this permissive tool. Thus, the following ordinance gives practical effect to the Legislature’s homestead exemption.
Economy
Reanimating Bad Ideas in the ‘Inflation Reduction Act’
Leftists in D.C. have reanimated pieces of the Green New Deal, the Clean Power Plan, and Build Back Better and stitched them into the “Inflation Reduction Act of 2022.” But they left out the job growth part. The bill would be better named the “Inflation Reduction and Job Growth Act of 2022—for China.” There’s nothing...
August 5, 2022