This paper covers Texas’ municipal governments largely relying on property tax revenue to fund city services. It is often difcult for taxpayers to clearly understand how the city council’s proposed property tax rate, combined with changes in property tax values and other city fees, will affect their bill. Thus, this ordinance provides transparency by showing taxpayers how each of the city’s fees, appraisals, and property tax assessments change over time and for different segments of the community.
Bigger in Texas: Sizing Up the State’s Finances
Every even-numbered year, the state’s Legislative Budget Board (LBB) publishes a helpful, user-friendly summation of the General Appropriations Act (GAA), otherwise known as the state’s two-year budget. On Wednesday, the LBB published the next iteration—its 2024-25 Fiscal Size-Up. From a 30,000 ft. level, this new report provides “a comprehensive review of how tax dollars were...