Maybe at the city or county level, but the state doesn't get any revenue from property taxes. So the governor's proposal makes no sense at the state level.jason812 wrote: ↑Wed Apr 10, 2019 6:41 pm I kept hearing on the radio today that the governor has proposed a 1% increase in sales tax to offset any reduction in property taxes. The way the radio was reporting, it would be after there is a reduction in property taxes. How come I got a feeling we about to get taxed more not less? I get the feeling that there will not be much of a reduction in property taxes, just enough for them to blow smoke up our you know what's about how they "helped" us out.
I bet a 1% increase in sales taxes could eliminate property taxes.
What are the biggest revenue sources for the state? Only two contribute 10% or more of the total.
Federal Income $39,618,568,311 (33.0%)
Sales Tax $31,937,235,078 (26.6%)
So sales tax and federal kickbacks make up $72 Billion or 60% of the state's revenue. Source is https://comptroller.texas.gov/transpare ... by-source/