As Texas sits on a massive $27 billion surplus heading into the next legislative session, Lt. Gov. Dan Patrick advocated on Wednesday for a tight spending plan that would focus primarily on cutting property taxes.
Texas Lt. Gov. Dan Patrick during a general meeting as part of the 2022 Republican Party of Texas State Convention at the George R. Brown Convention Center in Houston, on Friday, June 17, 2022.
, which offers homeowners a $40,000 break on school property taxes. Patrick suggested raising the number to roughly $65,000, but he’s leaving the specifics to state lawmakers who will debate property tax legislation when they return to Austin on Jan. 10.“When you have this kind of money, you've got to get it back to the taxpayers,” he said at a press conference at the state Capitol.
Patrick is also pushing to expand the state’s personal property exemption, which would help small business owners account for office supplies, such as computers, desks and chairs. Next on his list is an expansion of natural gas across the state. Patrick said Texas must “level the playing field” with renewable energy, touting natural gas as a more reliable option that will help the state keep up with increasing power demands.
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