After seven months of stalemate over how to provide roughly $18 billion in property tax relief, leaders of the Texas legislature said Monday they reached an agreement.
Lt. Gov. Dan Patrick and Speaker Dade Phelan announced in a joint statement on Monday that they’d reached “a breakthrough deal on property tax legislation” and their now agreed upon plan will be “the biggest property tax cut in Texas history.”
They made the announcement after the Senate already passed a bill this second special legislative session in opposition to Gov. Greg Abbott’s call for the second special session. His plan, Abbott argues, will provide long-lasting property tax relief, with the goal of eliminating one of two property tax bills over time, the public-school maintenance and operation (M&O) tax.
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