Texas lawmakers are moving forward with legislation that would significantly reduce how much cities and counties can collect in property tax revenue without voter approval, dropping the cap from 3.5% to 1%.
Texas lawmakers consider lowering property tax revenue cap to 1%
The bill has passed both the House and Senate, but lawmakers must agree on the exact percentage before it reaches Gov. Greg Abbott’s desk. The Senate version proposed a 2.5% cap.
In Nueces County, the proposed change would impact the local budget significantly. Nueces County Judge Connie Scott says counties rely on property tax revenue as their main source of funding, unlike cities that have access to additional revenue streams.
“The state in their good intentions sometimes fail to separate cities from counties. We do not get sales tax revenue, we do not get hotel/motel tax,” Scott said…