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.
Taxes & Spending
Where Things Stand on the Texas Budget
Later today, the Texas House will take up and consider its version of the 2026-27 state budget, which promises to be quite a long and interesting affair consider that almost 400 amendments were filed. In anticipation of that debate, it’s helpful to see where things stand numbers-wise. For its part, the Texas House’s proposed budget...
April 10, 2025