Get ready for local government tax increases this year.
There are bills being considered in the Texas legislature that would restrict the percentage of increase local governments could add to their tax rates.
Right now most local governments (not the school districts since many of them are already at their maximum rates) can increase their tax rate by around 8% every year without triggering a roll back election.
The new bills would restrict that growth. It seems that one bill being considered would limit their increase to 3.5% per year, once again without triggering an election.
The situation has our locals concerned. Reducing costs does not appear to be something that they want to do.
With the threat of a 3.5% cap being imposed on them don’t be surprised if they take what might be their last opportunity and hit us with an 8% increase this year.
We deserve better