Our Texas governor is supporting new legislation that would cap local property tax revenue growth at 2.5%...

Our Texas governor is supporting new legislation that would cap local property tax revenue growth at 2.5%. If enacted how could this impact Richardson today and in the future? Do you support this legislation?

In theory, capping taxes sounds excellent. I am a proponent of lower taxes. However, I am not a fan of the Texas congress dictating Richardson’s business. (They do not like Washington telling them what to do either.) A cap could potentially slow development and infrastructure expenditures. It ties the hands of city councils across Texas. Richardson should be in control of its finances, not Austin. As a taxpayer and citizen of Texas, I do not support this cap. The fact of the matter is that the city portion is a small percentage of our overall property taxes. For Richardson residents in Dallas county, city taxes are 22% of their overall property taxes, and for Collin County residents it is 26%.

 
Brandon Gadoci