Texas has a proven record of financial stability. Ranking 16th nationwide in fiscal health, 7th in lowest state debt per capita, and with historically high population growth rates accompanied by economic growth, these factors have kept Texas steadfast even during times of economic uncertainty. Relatively sound fiscal management has provided Texans a certain level of comfort, but increasingly evident signs of vulnerability are raising concerns about the state’s financial health.
Taxes & Spending
What is tax compression?
As Texans continue to get crushed under the ever-increasing burden of property taxes, Governor Abbott has promised them the “biggest tax cut in Texas history” and the Legislature appears poised to deliver—eventually. During the closing days of the Regular session, legislators appropriated a massive $17.6 billion in tax relief for homeowners, renters, and businesses. But they hit...
May 31, 2023