Rod Bordelon is a senior fellow and policy director for the Remember the Taxpayer campaign at the Texas Public Policy Foundation.
TPPF has consistently advocated for broad-based property tax relief for Texas taxpayers, and SB 91 would provide that relief in a meaningful and responsible way by using available state surplus funds to “buy down” or compress school maintenance and operations (M&O) property tax rates.
Specifically, the bill would provide at least $2 billion of compression for the 2022-23 school year and up to an additional $2 billion contingent upon a certification by the comptroller of available surplus revenue in 2022. This would provide a tax rate reduction of at least 6.6 cents and up to 13.2 cents. This is on top of the $6 billion compression provided in the current budget, which was adopted in the last regular session.
Testimony before the Texas Senate Finance Committee