Statements
TFR Statement on Conference Committee Report for HB 1 – General Appropriations Act
With only a few days left of the ongoing 88th Legislative Session, state lawmakers have presented a Conference Committee Report for House Bill 1 that represents perhaps the largest increase in spending in Texas history; it is certainly the biggest…
TFR Statement On SB3 – Property Tax Relief
Taxpayers have a lot to be thankful for what seems to be a compromise between the House and Senate with the latest version of Senate Bill 3. As passed by the House, this bill includes $12 billion for a 15-cent…
TFR Statement on Appropriation Bills
Today, both the Texas House and Senate have released their budgets. Both the House and Senate appropriation bills provide $15B for property tax relief, with $12B to compress Maintenance & Operations rates by 7.75% and $3B to increase the homestead…
TFR Statement on the Growing Budget Surplus
On Monday, Texas Comptroller Glenn Hegar released his long-awaited Biennial Revenue Estimate (BRE) ahead of the 88th Legislative Session, which begins Tuesday. One key takeaway from Hegar’s announcement, outside of the estimate lawmakers can spend, was that the historic budget…