Senate Passes Tax Cut Package
C APITAL Highlights
The Texas Senate last week unanimously approved a $16.5 billion package to lower property taxes and inject billions of dollars into public schools.
As reported by the Texas Tribune, the three separate bills require the state to send at least $5.38 billion to public schools while at the same time raising the state’s homestead exemption from $40,000 to $70,000, with an additional $20,000 exemption for homeowners 65 and older. According to the Tribune, the proposal would save an average homeowner $341 on their annual tax bill. Seniors would save an additional $227 annually.
In exchange for the increased state funding, local school property tax rates would be cut by 7 cents for every $100 in appraised value. An owner of a $300,000 home paying the state’s average school tax rate would save $210 annually in property taxes.
“This is off-the-charts, incredible property tax relief for millions of Texas homeowners,” said state Sen. Paul Bettencourt, R-Houston.
Deadline to Register for May 6 Election The deadline for eligible Texas voters to register in order to vote in the May 6 local elections is just around the corner, Secretary of State Jane Nelson announced.
“If you are not already registered to vote in the upcoming local elections - there is still time! Make sure to submit your voter registration application to your county voter registrar by Thursday, April 6 so that you can have an opportunity to make your voice heard in your local community,” Nelson said.
Check with the local elections office to learn which municipalities, school districts and other entities are holding elections. Early voting begins on April 24 and ends on May 2, with Election Day on May 6.
Paid Parental Leave for State Workers?
For the first time, state employees could get 30 days of paid leave for childbirth or adoption. A bipartisan bill passed the Texas Senate last week with unanimous support.
The Austin American-Statesman reported that Senate Bill 222, besides allowing the 30 days of paid leave, would apply to anyone paying into the Employee Retirement System of Texas; to employees working within the executive branch of state government; and give 10 days of paid leave to employees whose spouse gave birth.
“Paid parental leave will help the state attract and retain talent while combating the workforce shortage,” the bill’s main sponsor, state Sen. Robert Nichols, R-Jacksonville, said. A similar bill in the House would grant 60 days of paid leave under the same circumstances detailed in the Senate bill.