Texas has the most heavily regulated title insurance market in the country. The Texas Department of Insurance (TDI) sets the price and coverage of residential and commercial title insurance. The TDI also promulgates the division of premiums between title companies and agents. As a result, competition is eliminated from the title insurance market, and costs increase for both consumers and businesses.
Taxes & Spending
Texas is Awash in Cash—Let’s Give Taxpayers Some Relief
Texas is flooded with extra cash—and Gov. Greg Abbott supports using at least some of it to reduce property taxes for Texans. Thanks to the Texas Legislature’s fiscal stewardship and the Texas economy’s resilience, Texas governments have amassed major surpluses. Consider that tax collections are up 30.62% over this time last year, generating a budget...
May 20, 2022