Texans face an affordability crisis with inflated bills, diminishing savings, and a looming U.S. recession. While this is mostly the result of Washington’s irresponsible policies, Texas governments can help by using massive surpluses to dramatically reduce the sixth most burdensome property tax system in the nation without harming the delivery of core services. The Foundation’s Lower Taxes, Better Texas plan accomplishes this by lowering maintenance and operations (M&O) property tax bills while adequately funding core services.
Is a Tarrant County Tax Increase Coming Soon?
Tarrant County taxpayers may soon be paying more for local government. On Monday, the Tarrant County Commissioners Court held a public meeting to discuss its proposed budget for fiscal year 2023, which totals $916 million, less capital expenditures. That represents about a $120 million increase from the prior year’s budget total ($797.2 million). To help...