Texans are struggling with high inflation, stagnating real wages, and a housing affordability crisis. Moreover, Texas ranks 6th in the nation on the highest property tax paid. Yet, thanks to a record general revenue-related surplus of $32.7 billion, the 88th Legislature has a historic opportunity to provide all Texans with real and lasting relief. To achieve this goal, the Foundation proposes the following roadmap to help alleviate the tax burden and set Texas up for success into the future. This framework is based on 3 essentials—restraining the burden of government, returning a maximum amount of surplus revenue back to taxpayers, and recognizing the need for permanent change.
2023 Guide to Constitutional Amendments in Texas
This November, Texas voters will decide to ratify or reject 14 separate constitutional amendments dealing with taxation, infrastructure, public employee retirement, and more. This guide examines each proposed amendment and offers insight and analysis. Key points – On November 7, 2023, Texans will vote on 14 constitutional amendments covering a wide array of issues. –...