TPPF Applauds Houston City Council's Decision to Observe Revenue Cap
October 19, 2017
October 19, 2017
AUSTIN, Texas, Oct. 19 -- Texas Public Policy Foundation issued the following news release:
Yesterday, the Houston City Council voted 15-2 to reduce the municipality's property tax rate to 58.421 cents per $100 of valuation instead of adopting Mayor Sylvester Turner's proposed rate of 58.462 cents per $100 of valuation.
The reduced rate ensures the city will continue to comply with its voter-approved revenue cap.
"Houston's property tax revenue cap is . . .
Yesterday, the Houston City Council voted 15-2 to reduce the municipality's property tax rate to 58.421 cents per $100 of valuation instead of adopting Mayor Sylvester Turner's proposed rate of 58.462 cents per $100 of valuation.
The reduced rate ensures the city will continue to comply with its voter-approved revenue cap.
"Houston's property tax revenue cap is . . .