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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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2021 TFR Taxpayer Champions

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...

Explainer: What Is Fractional Reserve Banking?

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...

Inflation Soars to 7% a 40 Year High

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...

Huffman Named Chairman of Senate Finance

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...