With so many hindrances to budgetary prudence, it is easy to understand why Texas’ TEL has failed to live up to expectations. However, with just a handful of changes, legislators can vastly improve and entrench this important safeguard.
Kudos, Tarrant County
Fiscal conservatism is alive-and-well in Texas’ 3rd largest county. As evidence, consider that Tarrant County officials last year approved a tax rate below the no-new-revenue (NNR) tax rate, resulting in an astonishing “13.17 percent” rate reduction. As impressive as that was though, county leaders took things one step further by creating a 10% local option...