Connecting today’s news with the research + opinion you need from TPPF experts.

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We made it!

Well...we're almost through 2020.

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Ending the Year

What to Know: Should auld acquaintance be forgot? Probably not. Nor should we forget some of our accomplishments in 2020.

“TPPF rose to the occasion this year and pivoted early on to taking things digital,” notes TPPF’s Kevin Roberts. “From telling the stories of the impact of the pandemic on local businesses (aka Texans) to moving the policy conversation forward by hosting weekly livestreamed conversations with state and national leaders. We didn’t slow down. We doubled down.”

To learn more about TPPF’s efforts in 2020, click here.
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Property Tax Reform

What to Know: Property taxes—and protecting the limits set by the last Legislature—will be a big focus of lawmakers’ attention this session. ([link removed] )

The TPPF Take: In 2019, the Texas Legislature passed the most significant tax reform seen in modern times.

“The new law—Senate Bill 2, otherwise known as the Texas Property Tax Reform and Transparency Act—empowers voters with the right to decide on big tax increases,” says TPPF’s James Quintero. “Under SB 2, property tax revenue growth for cities, counties, and certain special districts is limited to 3.5% annually, unless voters approve a larger increase. For schools, the new limit is 2.5 percent, with no option for going over. These protections ought to be maintained including any misuse of disaster declaration exemptions.”

More on property taxes & the lege session, click here.
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Almost Here

What to Know: We are just days away from the start of the next Legislature, slated to gavel in on Jan. 12. ([link removed] )

The TPPF Take: Now is the time to prepare for a Conservative Texas Budget for the coming biennium.

“The prosperity of many Texans is at stake so reining in the state’s budget should be a top priority,” says TPPF’s Vance Ginn. “With that spirit in mind, we at TPPF recently released our 2022-23 Conservative Texas Budget that sets a maximum threshold on appropriations at $246.8 billion. Taxpayers have a way to evaluate the size of the fiscal burden on them with this benchmark, which is calculated by increasing the 2020-21 appropriations by 5% based on the recent change in population growth plus price inflation. And there’s plenty of room to reduce the budget given past excesses and the potential fiscal shortfall.”

For more on our Liberty Action Agenda, click here.
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