A new proposal from Texas’ most prominent political leaders would raise the state’s sales tax by one percent, which could generate billions of additional revenue to help provide property tax relief. However, many Texans debate whether the proposal would help or hurt some of the state’s lower-income residents. Texas Gov. Greg Abbott, Lt. Gov. Dan Patrick and House Speaker Dennis Bonnen all released a joint statement last Wednesday voicing their support in increasing the sales tax rate from 6.25 percent to 7.25 percent, which they said would generate an estimated $5 billion to go toward property tax relief in the coming years. Local governments, such as Waxahachie, have the ability to add on an additional two percent onto the sales tax rate. If the measure was passed, it could increase the sales tax to 9.25 percent for some residents in Ellis County.
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by david dunn
april 21, 2019