Capital Highlights
House Democrats’ tax plan would help renters Texas House Democrats unveiled a $20.9 billion plan for property tax relief that drops tax rates, increases the homestead exemption, gives annual rebates to renters, and includes pay raises for teachers, the Austin American-Statesman reported. The newest proposal comes as the Legislature continues wrangling over the issue in the second special session this year. The bill, proposed by Rep. John Bryant, D- Dallas, is a combination of previous proposals with the added wrinkle of providing benefits for renters, who do not directly pay property taxes. The proposal also would raise the state’s per-student funding to public schools by $1,000 and give a permanent annual raise of $4,300 for teachers.“Our effort is one that recognizes that you can’t talk about property taxes without talking about public education,” Bryant said of his proposal to raise the state’s basic allotment for school funding by $ 1,000. The Senate has already passed a proposal to increase the homestead exemption to $100,000 and give a $2,000 pay hike for teachers in urban districts and a $6,000 increase to teachers in rural districts over the next two years.