Five things happening at your capitol this week

My Five Cents…

The Texas House has passed House Bill 3, the school finance overhaul bill with a historic vote of 148-1. It is headed to the Senate and we will continue to work to ensure school districts are funded equitably.

Here are five things happening at your Capitol this week:

1. House Committee Passes Property Tax Relief

In February, the Senate Property Tax Committee passed SB 2, which would prevent local entities, such as cities and counties from raising their property taxes more than 2.5 percent, without voter approval. Cities and counties can currently collect an additional eight percent in revenues without an election. With the provisions of this bill, if voters do not approve an increase, the entity would be forced to set a tax rate that only allows it to collect revenues from existing properties which are less than 2.5 percent over the previous year.

The House Ways and Means Committee has recently passed HB 2, which is very similar to the Senate version. While keeping the similar 2.5 percent rollback, House Bill 2 adds exemptions and keeps the original eight percent rollback for community college districts, emergency services districts and hospital districts.

 

 

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