If two propositions pass, the state will increase school funding to make up for revenues lost from a decrease in property taxes.
A student takes notes in a third grade class at Linder Elementary School in Austin last month. A May constitutional amendment election will let Texans decide whether to lower some property taxes that go to public schools., our daily newsletter that keeps readers up to speed on the most essential Texas news.
Texas voters will decide whether to lower some property taxes that fund schools in a May 7 special election.officially set the upcoming election date Wednesday. The first proposition would draw down property taxes for elderly and disabled Texans by reducing the amount they pay to public schools, which typically makes up most of a homeowner’s tax bill. The state would then cover that reduced revenue for school districts. The measure would cost the stateThe second measure would raise Texas’ homestead exemption from $25,000 to $40,000 for school district property taxes, whichon their annual property tax bill.
Both measures passed during special legislative sessions last year with bipartisan support from lawmakers.
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