Tax battle looms as Texas lawmakers face budget rise
A Texas legislative preview notes the 1960 election will shape tax policy as primaries shift earlier. Budgets rise about 10 percent every two years with population growth and new programs driving demand. Hale-Aikin school funding could require large taxes while lawmakers brace for a broader battle on a 96 million dollar tax bill.
MENTIONED IN THIS ARTICLE
Texas Press Association
Austin
Tex
Hale-Aikin School
Senate
House
State Board orders auto insurance rate cuts across state
The State Board of Insurance mandates auto insurance rate reductions from 1 to 15 percent in parts of the state effective August. Most savings come from lower expenses such as agent commissions rather than cheaper accident costs, totaling about 226 million statewide and up to 20 dollars saved per driver annually. Some urban areas see smaller cuts or small rises in certain counties. Board Chairman Penn Jackson notes a plan to offer lower rates for accident free drivers later.
MENTIONED IN THIS ARTICLE
State Board of Insurance
Penn Jackson
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Tax plan details bill signings and revenue aims
The report outlines proposed tax hikes across tobacco natural gas corporation franchises utilities motor vehicles beverages and more to fund state needs and revenue growth. It notes a new full time state insurance board and ongoing political tensions over appointments and salaries.
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