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.
Higher Taxes on the Horizon: City of Buda
Many city, county, and school district officials are right now deciding where to set tax rates for the next fiscal year. In some cases, these local decisions will push property taxes higher, creating new challenges for families struggling with affordability. Given the very real prospect of tax hikes on the horizon, now is the time...