Some of this spending increase might be explained away by inflation, but not all of it. And considering the discrepancy between expenditure growth and population and inflation, it might be time to start asking what they’re spending it on. No. 3: Over the last five years, the growth in ...
“In 2023, Texas will have an opportunity to do even more to reduce the property tax burden on Texas families. Texas along with 12 other states successfully sued the Biden administration to allow funds from the American Rescue Plan Act (ARPA) to be used for tax reduction. On May 7, Texas...
House Bill 2, sponsored by state Rep.Ryan Guillen, R-Rio Grande City, would increase the minimum sentence for someone convicted of smuggling people or operating a stash house to 10 years under state law. That would drop to 5 years if the defendant cooperates with police or if a person con...
According to its Notice of Public Hearing on Tax Increase, Kerrville’s proposed tax rate for FY 2024 is $0.5595 per $100 of value, which is lower than the voter-approval tax rate ($0.5616 per $100 of property valuation) but higher than the no-new-revenue tax rate ($0.536 per $100...
1.Property tax relief passes Senate This week the Senate passed Senate Bills 3, 4, and 5 which would provide $16.5 billion in tax relief. All three bills are primarily authored by Senator Paul Bettencourt. Senate Bill 3 would increase the homestead exemption to $70,000. This is an increase...
there’s concern that some of these new homes and developments are out of budget for locals whose salaries ($48,774 on average in 2022, according to county data) can’t compete with those of Musk’s engineers—and that the increase in taxes as property values rise is forcing locals to ...
According to,Texas AFT— a statewide union for K-12, community college educators, support staff and retirees — some school districts hold a voter-approval tax rate election if they want to increase the property tax rate above a certain level set by the state. ...
The Texas Property Tax Code Section 23.23 establishes a restriction on the annual increase of the total assessed value for properties under the homestead exemption. Under this provision, any increase in the assessed value is limited to 10% from year to year, excluding any improvements made by ...
In 2023, more than 152,000 crashes happened in rural areas across the state. "We've exploded with growth, and with so many vehicles on the road, the roads were not designed for this much traffic or this much delay," Bailey said. "It's only going to increase." ...
Increase (decrease) from changes in: Accounts receivable 189 145 108 (194) Inventories (91) (353) (1,242) (847) Prepaid expenses and other current assets 8 (39) 46 6 Accounts payable and accrued expenses (10) 34 (33) 106 Accrued compensation 126 136 29 22 Income ...