ECONOMY
As inflation skyrockets, local Texas governments ponder tax rate increases as they balance budgets
Local governments in Texas have spent the summer preparing their budgets for next year, wrestling with inflation and a law that prohibits them from raising property tax revenues beyond 3.5% without voter approval.
By Pooja Salhotra, The Texas Tribune
Posted 9/28/22
Every summer, Jasper County Judge Mark Allen begins to worry about two very different storms brewing: hurricanes and his county budget. Allen and thousands of other local government …
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