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THE LATEST FISCAL NEWS

Dive into updates that matter to your family’s wallet. Read about state budget updates, property tax reforms, and efforts to cut government waste.

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Huffines Announces Taxpayer First Project

Huffines Announces Taxpayer First Project

The Project Seeks to Reform How Texas Collects Taxes Texas Comptroller Don Huffines announced on August 181 a package of tax-administration reforms he is calling the Taxpayer First Project. The Comptroller’s office said the new policies, “collectively known as the...

National Debt Tops $40 Trillion

National Debt Tops $40 Trillion

The United States crossed $40 trillion in total public debt on August 18, 2026.1 The Treasury’s Debt to the Penny series2 showed a whopping $40,047,425,768,420.22 that day, up from just under $40 trillion the day before. Out of that historic figure, $32.3 trillion  is...

Your Property Tax Bill Is Being Decided Right Now

Your Property Tax Bill Is Being Decided Right Now

Every year, Texas taxpayers go through the same cycle.1 Appraisal districts certify property values, cities, counties, school districts and other taxing units build their proposed budgets, and then set the property tax rates that will determine how much revenue they...

AG Paxton Halts More Illegal City Tax Increases   

AG Paxton Halts More Illegal City Tax Increases   

Today, August 17th, Texas Attorney General Ken Paxton’s office sent letters1 to more than 110 additional cities prohibiting them from raising ad valorem property taxes above the no-new-revenue (NNR) tax rate. The NNR rate is the property tax rate a local taxing entity...

Tarrant County on Track to Cut Property Taxes Again

Tarrant County on Track to Cut Property Taxes Again

Tarrant County Judge Tim O’Hare1 gave preliminary approval Thursday, August 13th, to a Fiscal Year 2027 budget that sets the county rate at $0.1860 per $100 of valuation and the JPS Hospital District rate at $0.1590. Both sit below the no-new-revenue (NNR) rate, the...