Governor Endorses Proposal Touted As the Largest Such Reduction in State History.
A deal that legislators and the state’s top executive are calling the largest property tax cut in Texas history will head to the state’s voters, who will decide whether to approve the $18 billion property tax reduction deal cut by legislators and endorsed by Gov. Greg Abbott.
Abbott said the property tax relief was made possible because of the state’s $32.7 billion budget surplus. The Texas governor specifically campaigned to use at least $13.5 billion of the record-high budget surplus to help bring down property taxes in the Lone Star State.
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