The Texas Senate is seeking to provide taxpayers with additional property tax relief, but only on a temporary basis. The legislature must make sustainable investments in tax relief and in our schools.
Texas school districts must send nearly $3 billion in local taxpayer funding to the state by Sunday under the state’s school finance law — a record amount that puts a crushing burden on taxpayers throughout the state while taking needed dollars away from their local schools.
State law requires certain school districts (known as Chapter 41 districts) to send local property tax dollars to the state through a process called recapture. Because the state has been paying less and less of the cost of education, it increasingly relies on recapture dollars to pay for public education across Texas. Property owners in …