The one-pager outlines our analysis of how a “real cuts” plan compares with scenarios of a 2.5% rollback rate excluding debt and a 4% cap including debt. The current rollback rate is 8%, but it does not include local debt increases. Additionally, a tax ratification election on rates that exceed 8% can only be held after a rigorous petition process. This publication outlines the savings Texans could realize under a new plan of lowering the trigger and making a tax ratification election automatic.
Economy
An insider’s insight on today’s economy.
U.S. Economic Situation — August 2022 The shutdown recession from February to April 2020 and subsequent government failures have caused substantial harm to Americans’ livelihoods, which include high inflation and a recession. One policy mistake was Congress adding more than $6.1 trillion in deficit spending since January 2020 to reach the new high of $30.6...
August 12, 2022