Texas proposal would provide more tax relief

December 12, 2018

An early estimate shows Gov. Greg Abbott’s proposal for a school finance fix would provide three times more dollars for property tax relief as it would additional money for school districts in 2020. That gap would widen to five times more by 2021, costing the state an additional $3 billion over that time period, according to the Texas Education Agency.

An early estimate shows Gov. Greg Abbott’s proposal for a school finance fix would provide three times more dollars for property tax relief as it would additional money for school districts in 2020.

That gap would widen to five times more by 2021, costing the state an additional $3 billion over that time period, according to a Texas Education Agency estimate released Tuesday during a meeting of the state’s school finance commission.

In raw numbers, estimates show Abbott’s proposal would give taxpayers a break of $992 million in 2020, which would increase to $3.7 billion by 2023. It would provide $301 million additional funds for school districts in 2020, a figure that would drop to $74 million by 2023.