House Bill 17, is a measure proposing to enhance transparency and accountability in the tax rate-setting process through improved public notice and hearing processes. The good government changes proposed by this bill will improve the current tax environment in at least 3 ways, including:
- Increased Transparency. By requiring taxing units to notify property owners of key tax and budget detail, Texans will gain a better understanding of their existing and proposed tax burden. With this additional information, the citizenry will be empowered to participate knowledgeably in public discussions and decision-making.
- More Accountability. Certain taxing units will be required to communicate how changes in enrollment, inflation, and proposed tax rates affect tax revenue. This added detail will ensure that taxpayers are aware of the factors influencing their tax burden and promote increased public dialogue based on clear, relevant data.
- Standardized and Consistent Information. Through these reforms, standardized language and notification processes will be instituted across many different taxing units. As a result, taxpayers will be provided with clear, consistent information that they can use to compare existing and proposed tax burdens as well as engage with local officials irrespective of taxing unit type.