Showing posts with label Texas economy. Show all posts
Showing posts with label Texas economy. Show all posts

Monday, October 1, 2018

Democratic Lt. Gov. Candidate Collier Blames Legislature For Skyrocketing Local Property Taxes [#TXPOLITICS 24/7]


The Democrat's candidate for lieutenant governor, Mike Collier, a CPA, is blaming the Texas State Legislature for skyrocketing property tax rates, alleging that they have a penchant for pushing the tax burden down to the local level.

He tweeted recently, "The state cannot pay all its bills! We are in a fiscal death spiral, and the only place GOP turns to is local property taxes laundered through the school funding mechanism and unfunded mandates."

In an opinion piece for the Houston Chronicle, Collier expanded on this sentiment, saying the state, "has been playing a sinister game of pushing costs down to school districts and counties."
School districts and counties get their money from property taxes. Local property values keep going up, so school and county tax collections keep going up. And that lets the state slough off its obligations to local taxpayers. ...
There is no question that the state is responsible for skyrocketing property taxes, even though property taxes are collected locally. And it’s not just the school funding mechanism that drives property tax increases. The state passes laws that force counties to spend more money, and counties have no choice but to use rising local property taxes to pay their bills.
Read the full column here.

Thursday, July 5, 2018

#GovAbbott Takes Pres. Trump To Task Over Aluminum, Steel Tariffs, Says They Will Cost Jobs, Raise Prices [#TXPolitics 24/7]


The Trump administration’s tariffs on aluminium and steel earned criticism from Gov. Greg Abbott last week who said such tariffs have caused harm to his state’s economy, especially in the realm of petroleum production.

The Republican issued an open letter to President Donald Trump on Thursday, beginning his epistle with high praise for the president’s work so far. (Full text viewable HERE)

“I highly commend your commitment to curbing unfair trade practices and putting American businesses and workers first. As your administration continues to champion these businesses and workers, please consider the negative impact that the new tariffs on steel and aluminum imports and other goods will have on the economy of Texas and the nation as a whole.”

Abbott went on to point out the tenuous position in which the oil and gas industry finds itself, noting the sector stands to either benefit or be hindered by the relationships and supplies of aluminium and steel available to it at affordable prices.

He ended his letter by heaping praise on the famously mercurial president, who has been known to turn on those who even mildly criticize his positions or statements.

"Once again, I highly commend your commitment to curbing unfair trade practices and putting American businesses and workers first,” Abbott wrote. “As your administration continues to champion these businesses and workers, please consider the negative impact that the new tariffs on steel and aluminum imports and other goods will have on the economy of Texas and the nation as a whole."



Source: Aluminum Insider