The Texas House and Senate have proposed a $15 billion property relief package. Is this enough, or is there still room for more relief?
– Most of the surplus comes from tax collections, so these funds should be returned to the taxpayers via property tax relief.
– Given that the Economic Stabilization Fund can face any potential revenue downfall, the Legislature should aim to allocate most of the surplus funds for property tax relief.
– According to our projections, raising the homestead exemption would be ineffective in at least 35 counties.
– Spending caps are instrumental in generating future surplus funds.