One of many government programs that many Texans have no clue exists is the Texas Enterprise Fund. Millions of tax dollars are distributed from this program, yet it never receives much attention from the public. The program is administered via the Office of the Governor and according to the website: “The Texas Enterprise Fund (TEF)…
Month: January 2022
After Receiving COVID Welfare, Most Texas Cities Are In More Debt
Recently Truth In Accounting released their most recent Financial State of the Cities for 2022. This report analyzed the financial health of the top 75 cities in America during the COVID-19 pandemic. “The report found that 61 cities did not have enough money to pay all of their bills. Despite receiving federal assistance from the…
In Their Own Words – Part Three – Republican Gubernatorial Candidates on Cutting Government Spending
On January 13, the True Texas Project hosted a Gubernatorial Forum for Republican Candidates for Governor. Among the attendees were former Republican State Sen. Don Huffines, former Florida Republican Congressman and former Republican Party of Texas Chairman Allen West, and conservative humorist Chad Prather. The incumbent Governor, Greg Abbott was not in attendance. Several questions…
Remember When Abbott Opposed Taxpayer-Funded Lobbying?
During this last session, there was a major push to ban the practice of taxpayer-funded lobbying that fell short. This was spearheaded by Senator Paul Bettencourt (R-Houston) and his bill SB 10. This issue was one of the Republican Party of Texas’s legislative priorities for the 87th legislative session, but as with many of the…
In Their Own Words – Part Two – Republican Gubernatorial Candidates on a Ban on Taxpayer-Funded Lobbying
On January 13, the True Texas Project hosted a Gubernatorial Forum for Republican Candidates for Governor. Among the attendees were former Republican State Sen. Don Huffines, former Florida Republican Congressman and former Republican Party of Texas Chairman Allen West, and conservative humorist Chad Prather. The incumbent Governor, Greg Abbott was not in attendance. Several questions…
2021 TFR Taxpayer Champions
With the primary season quickly approaching TFR always wants to remind its subscribers and all Texas taxpayers of the free resource that we provide to assist in making decisions at the ballot box. Although TFR no longer makes endorsements, we continue to provide transparency to voters on how their representatives voted through the Fiscal…
In Their Own Words – Part One – Republican Gubernatorial Candidates on Property Taxes
On January 13, the True Texas Project hosted a Gubernatorial Forum for Republican Candidates for Governor. Among the attendees were former Republican State Sen. Don Huffines, former Florida Republican Congressman and former Republican Party of Texas Chairman Allen West, and conservative humorist Chad Prather. The incumbent Governor, Greg Abbott was not in attendance. Several questions…
Abbott Releases His “Taxpayer Bill of Rights” But Taxpayers Are Underwhelmed
Yesterday Governor Greg Abbott announced his “Taxpayer Bill of Rights” proposal at a meeting of the Kingwood Tea Party. In response, many grassroots activists reported being underwhelmed after reviewing the plan claiming to put Texas on a path to reduce property taxes and local debt. So what does the proposal actually claim and purport to…
Explainer: What Is Fractional Reserve Banking?
In response to our article defining the correlation between inflation and interest rates, TFR has been asked by many subscribers to explain the system that makes this possible. What is fractional reserve banking? Fractional reserve banking is a system of banking that requires banking institutions to keep a portion of deposits as reserves. Banks then…
Explainer: What Is The Relationship Between Interest Rates and Inflation?
With the recent talk about inflation hitting 40-year highs at 7% this past week, there has been a lot of discussions specifically centered on what the Federal Reserve’s strategy is going to be in response. Most of you have probably heard what the Fed is proposing, but not everyone understands the correlation between interest rates…
Inflation Soars to 7% a 40 Year High
CPI data released this morning revealed that the year-over-year inflation rate has hit 7%. This is the highest rate experienced in 40 years (since 1982) in the USA and there is no sign that we will be inflecting downward any time soon. Inflation is a tax on the working class that makes our salaries…
Huffman Named Chairman of Senate Finance
Tuesday, Texas Lt. Gov. Dan Patrick announced that he was naming Republican State Sen. Joan Huffman (Houston) as the new Chairman of the Senate Committee on Finance, replacing outgoing Republican State Sen. Jane Nelson (Flower Mound) who has chaired the committee since 2013. Huffman has served in the Texas State Senate since 2008 and currently…
The Fiscal Responsibility Index, a Resource for Texas Taxpayers Since 2007
The first Fiscal Responsibility Index was released in 2007 as a tool to provide Texas taxpayers with the transparency needed for a system that was created to protect incumbent lawmakers. Before the existence of the index, no other organization had the sole purpose of serving citizens and not the Austin swamp by specifically working…
Property Tax Elimination Proposition on the Upcoming Republican Primary Ballot
The 2022 Primary Election season is already well underway and for voters choosing to participate in the Republican primary election, among choosing between a litany of candidates up and down the ballot, they will also have the ability to consider a ballot proposition specific to property tax elimination. Republican Primary Election Ballot Proposition on…