Diana Miller testifying in favor of Property Tax Relief for Texas Homeowners and Business
April 6th, 2017
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While our City and County Leaders issued misleading statements and threatened
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Diana Miller attending committee hearing |
to cut fire and safety, the Texas Senate voted to move Property Tax Relief Legislation forward. The proposed Legislation does not cut City nor County budgets. It merely sets a manageable limit to annual increased revenue at 5% before an automatic roll back election is required. While homeowners and Texas businesses have had to cut their budgets in order to meet rapidly increasing property tax bills, local government has had the luxury of unbridled spending.
I had the opportunity to speak to Senator Bettencourt, sponsor of the bill, during a recess at the committee hearing. I discussed the documentation I submitted to the committee in support of the Property Tax Relief bill.
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Mayor Zimmerman seated far right;
at the hearing to oppose Property Tax Relief
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The City of Sugar Land testimony before the Senate committee contained the following statement "SB2 will threaten our City's ability to properly fund Public Safety which is the largest item in the City of Sugar Land budget. Fire, Police & EMS account for almost half of Sugar Land's budget".
Stay tuned as we dig further into potential Safety issues.
According to the recently published City budget, Public safety is 14% while Construction gets a whopping 28%.
On March 7, 2017, the City of Sugar Land issued the results of their audit report findings. "The total net position at the end of fiscal year is $949 million... Net property values grew 8.5 percent." In the prior year, the City ended with a $1.7 million surplus. It's time to give homeowners a break.
The next step is to follow SB 2 to the House Ways & Means Committee where Chairman Dennis Bonnen has a very similar bill, HB 15, already filed. Property Tax Relief has the support of Texas Gov. Abbot and Lt. Gov. Patrick.
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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®