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....
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Explainers
Sustainable Tax Relief: Why Surplus Triggers Are Better Than Revenue Triggers
States across the country are rethinking tax reform to stay competitive for residents and businesses. Many are exploring ways to phase out personal income, business franchise, and property taxes to attract workers, foster economic growth, and ensure property rights....
EXPLAINER: The Basics of How to Engage with the Legislature
The Texas State Legislature meets for its Constitutionally-required regular session once every odd-numbered year for 140 days from roughly mid-January to the end of May. The Governor can call additional special sessions of thirty days at any point outside of the...
Understanding School Choice: A Comprehensive Guide
In the realm of education, the term "school choice" has become a buzzword, sparking discussions, debates, and policy changes across the globe. But what exactly is school choice, and why is it significant? Let's delve into the concept and explore the various types of...
EXPLAINER: Federal Interest Rates
What They Are and How They Affect You Last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) increased the Federal Funds Interest Rates to 5.25-5.50%, for a 22-year high. This follows almost a year and a half of consistent rate increases since the...
Explainer: What Is Tax Compression?
Introduction As the debate about the superior property tax relief package continues, many would imagine the most common question that TFR gets is whether we support tax compression or increasing the homestead exemption. Although that is a safe assumption, that is not...