Texas’ property tax burden-ranked 14th highest nationally by the Tax Foundation-continues to weigh heavily on homeowners and businesses around the state; but new research suggests that relief may only be a few modest reforms away.
Taxes & Spending
Without True Local Control, Pension Problems Spiral
The 45th Legislature established the Texas Local Fire Fighters Retirement Act (TLFFRA) in 1937 to create local retirement systems for the benefit of full-time, part-time, and volunteer firefighters in participating cities. At the time, lawmakers intended to create a general governance structure while still “leav[ing] administration, plan design, contributions, and specific investments to each system’s...
July 16, 2024