Why revenue caps aren't the answer to real property tax reform
Recently, lawmakers in both the House and Senate are debating ways to address high property taxes across the state. The McKinney Chamber supports and encourages the discussion, but is wary of some flawed ways they are looking at addressing the system. Currently, there are bills filed that would be detrimental to local control and accountability by lowering revenue caps for cities, counties and school districts. While this would limit our local elected officials who are tasked with providing essential services, it will not actually result in the type of tax relief that property owners are looking for. Click here
to read the Chamber's letter to our legislatures urging them to address the issue by funding public schools are the levels they should, thereby helping give real property tax relief.