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Legislative Roundup: April 10

Legislative Roundup: April 10

The 86th Texas Legislature will be in session from January 8 through May 27. It meets biennially, and the budget that the Texas Legislature sets is in place for two years.

The Texas Senate approved their $248 billion budget proposal with $9 billion for public schools and property tax relief. $2.7 billion is being allocated for property tax relief. $6.3 billion would go to public schools with $4 billion of that funding going towards teacher and librarian pay raises. Additionally, the proposed budget would use $230 million to maintain health benefits for retired teachers. The proposed budget must now go to the House for deliberation.

Additionally, the Senate and the House have provided various plans to address property tax relief:

  • House Bill 3 proposes lowering school district tax rates by four cents per $100 of taxable value.
  • Senate Bill 5 proposes increasing a homeowner exemption from $25,000 to $35,000. It would require voter approval and would not take immediately take effect.
  • House Bill 4352 proposes increasing a homeowner exemption from $25,000 to $50,000. It would require voter approval and would not take immediately take effect.

If future property taxes are limited by lawmakers, Gov. Greg Abbott, Lt. Gov. Dan Patrick, and House Speaker Dennis Bonnen all support increasing the state’s sales from 6.25% to 7.25% to aid in property tax relief. This proposal would require a voter-approved constitutional amendment.

For more information:

Make sure to see the Klein Leadership Coalition Website for additional resources.

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Legislative Roundup: April 10

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