Bill Peacock

Explainers

Explainer: Did the Texas Legislature Really Spend $51 billion On Property Tax Relief This Session?

Executive Summary Gov. Greg Abbott recently signed property tax legislation passed this session by the Texas Legislature. Since then, quite a few Texas politicians have been claiming that the Legislature committed $50 billion or so property tax relief this session….

Commentary

Hollywood Comes to Texas—on the Taxpayer’s Dime

Taxpayer Dollars for the Austin Swamp, Part Two Texas lawmakers have decided that the best way to promote jobs and culture is by handing Hollywood a $1.5 billion check. On May 29, the Texas Legislature passed Senate Bill 22, which…

Commentary

Taxpayer Dollars for the Austin Swamp, Part One: Student Loan Repayment for Health Care Professionals

It is a difficult time to be a taxpayer in Texas. One example: appropriations of state funds during the recently concluded regular session were up 55% over appropriations in 2021, an $89 billion increase in just four years, while the…

Commentary

Texas Legislature Wraps 89th Session Amid Soaring Spending Growth, School Choice Rollout, and Taxpayer-Funded Lobbying Debate

Overview The 89th Texas Legislature adjourned last week after approving a record-breaking $338 billion two-year budget, funded in part by a $24 billion surplus. While lawmakers advanced several high-profile measures, including a new school choice program and energy safety regulations, critics noted…

Commentary

The Texas Legislature Continues to Fund Rapid Growth in State Spending

Texas Taxpayers Need a Break State Funds Spending Up $25 Billion The Texas Legislature is on the verge of adopting its final budget for the 2026-27 fiscal biennium. Few people are aware of this, but that budget consists of two…

Commentary

It is Time to End Hollywood Handouts

Testimony on HB 4568 The 79th Texas Legislature established the Texas Moving Image Industry Incentive Program (TMIIIP), also known as the Film Incentive Program, in 2005. Since then, star-struck legislators have thrown well over $100 million of Texas taxpayer money…

Commentary

Texas Property Taxes Expected to Increase by $2.5 Billion This Year

Wherever you turn these days, Texas politicians are claiming that they are spending $51 billion on property tax relief. The problem is that the $51 billion figure has no connection to reality. For at least two reasons. First, if they…

Commentary

Why Texas’ 2026-27 Budget is Not Conservative

Taking a look at the budget and Texas’ $80 billion budget surplus Executive Summary Texas Comptroller Glenn Hegar’s Biennial Revenue Estimate (BRE) biennium projects a budget surplus of $23.76 billion in state funds for the current 2024-25 fiscal biennium.  But…

Commentary

Ending Renewables, Not Adding New Regulations, Will Restore Grid Reliability

This headline in last week’s Houston Chronicle captured all that is wrong with the Texas electricity market: Since 2013, when the Operating Reserve Demand Curve was approved, the Texas Legislature has sought to deal with the grid reliability problems caused…

Commentary

CANCELED: Testimony on Senate Bill 1

Like most Texans, I am fed up with the rapidly growing Texas budget filled with waste, corporate cronyism, and funding for leftwing causes like DEI. Unlike most Texans, I am able to go to the Texas Capitol and testify against…

Research

Texas Legislature on Track to Approve $48 Billion in New Spending

Texans to Receive Only $6 Billion in Property Tax Relief New Spending Reduces Potential Tax Cuts Now and in the Future When the Texas Senate meets this week to debate and adopt the 2026-27 budget for the state of Texas,…

Commentary

More Government Intervention Will Not Solve the Problems Facing the Texas Grid

Since 2011, market participants, regulators, and watchers have understood that intermittent energy sources—wind and solar—are causing three major problems in the ERCOT electric market.  First, their intermittency has increasingly pushed the grid towards unreliability. Second, they have driven reliable thermal…

Commentary

Taxpayer-Funded Lobbying and Property Tax Relief

The failure of property tax relief efforts over the last six years is a perfect example of how local governments are using taxpayer money to lobby against the interests of Texans.  Most local governments have abandoned any semblance of fiscal…

Commentary

The Texas Legislature is Tiring of Property Tax Relief

A sentiment making its way around the Texas Legislature is that providing tax relief for property owners is “too big of a commitment.” An element of this sentiment was expressed several times in a recent Senate Finance Committee hearing where…

Commentary

Proposed Property Tax Relief Falls Short in the 89th Texas Legislature

Texans Will Get Less Than $4 Billion Out of the $24 Billion Budget Surplus Executive Summary Though it is difficult to discern from recent statements made by Texas’ legislative leaders, the Texas Senate has budgeted only $3 billion for new…