Skip to Content

Texas Senate approves plan to slow local property tax increases

The Texas Senate has approved a plan designed to slow the increase of local property taxes as Republicans scramble to deliver on fiscally conservative promises despite a state budget crunch.

Tuesday’s 18-12 vote sends to the state House a bill by Houston Republican Sen. Paul Bettencourt requiring local governments to seek voter approval via special elections when raising property taxes by at least 5 percent.

The current cap triggers elections on increases of 8 percent or more. Statewide, more than half of all property taxes collected go to funding public schools.

Local governments oppose the bill as legislative overreach, which may hurt it in the House.

Slumping oil prices have left Texas potentially $6 billion short of the funding needed to maintain current spending levels, making tax cuts especially contentious.

Article Topic Follows: News

Jump to comments ↓

Author Profile Photo

KVIA ABC-7

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content