Governor Abbott Proposes 2.5 Percent Cap On Property Taxes
January 16, 2018
Press Release- Launching a new round in a long-running fight, Gov. Greg Abbott on Tuesday unveiled a plan to curb soaring property taxes in Texas by restricting how much additional revenue cities, counties and school districts can spend each year. The plan -- which promises to be a centerpiece of Abbott's reelection campaign -- would place a 2.5 percent cap on revenue growth from property taxes collected by local taxing agencies, with exceptions for law enforcement and school teacher pay raises.
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