This letter commends the House’s May 27 vote to instruct its conferees on HB 300, the Texas Department of Transportation sunset bill, to not accept the Senate’s language adding new local-option taxes and fees to the bill. It also summarizes the Foundation’s position regarding the local-option tax provisions and the Foundation’s principles for addressing the state’s transportation needs.
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...