The 73rd and 74th Sessions of the Texas Legislature generated significant legislation reforming the Texas civil justice system. While this legislation will govern lawsuits involving business disputes as well as those cases involving physical injuries, these legislative changes are normally and most effectively encapsulated by the phrase “tort reform.”
Assessing Tax Trends in the City of Arlington
Does history suggest that property taxes are too high in the city of Arlington? And, if so, have local decision-makers actively helped or hurt the situation? To help answer these questions, let’s review the city’s 2024 Annual Comprehensive Financial Report (ACFR) and gather four types of data—i.e., tax levies, local population, total tax rates, and taxable values—over a 10-year time horizon. Using these audited estimates, we can gauge the growth of government (i.e., tax levy trends), assess its reasonability...