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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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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...

It’s Time to Rethink Public Education Funding

It’s Time to Rethink Public Education Funding

Texas has more than 1,200 school districts and the formula that funds this leviathan is confusing and frustrating. This must change, allowing for transparency and accountability. The school districts get most of their funding from locally levied property taxes. This...

Does SB 1 Provide Significant Tax Relief For Texans?

Does SB 1 Provide Significant Tax Relief For Texans?

After Governor Abbott added property tax relief to the special agenda items list, property tax relief has once again taken center stage in the current special session. The only bill that has made any movement is SB 1 by Senator Paul Bettencourt (R-Houston). This is an...