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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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Texas Taxpayers Do Not Support Continued Corporate Welfare

Texas Taxpayers Do Not Support Continued Corporate Welfare

Following a recent interim hearing of the Texas House Ways & Means Committee where they discussed several issues important to Texas taxpayers (including the potential revitalization of Chapter 313 tax abatements), we surveyed subscribers to The Fiscal Note about...

Explainer: What Are 313 Tax Abatements?

Explainer: What Are 313 Tax Abatements?

A topic that has become more popular recently due to Speaker Dade Phelan's support for their renewal is Chapter 313 tax abatements. However, when interacting with taxpayers, I have noticed that most people have no clue about the controversial program. So, let me...

Fort Worth Slaps Taxpayers in the Face, Raises Taxes

Fort Worth Slaps Taxpayers in the Face, Raises Taxes

It happened again: yet another deceptive tax increase by a major city. Last night, Fort Worth officially adopted its new tax rate of 71.25. This comes despite opposition from the public and two city council members dissenting to the tax raise. Fort Worth was one of...

The Importance of Political Activism in Fiscal Policy

The Importance of Political Activism in Fiscal Policy

In the past year, conservatives have seen a lot of political activism in reaction to the Biden administration's failures. We have also seen backlash from social norms moving away from traditional values. For instance, we have seen conservatives become politically...