Proposition 1 does not hurt school funding
In Lehman's Terms
The purpose behind this column is to simplify legislative jargon and offer a clear understanding of public policy. Explaining the complicated wording of Proposition 1 on the statewide November 3 ballot is a perfect topic.The simple effort to lower property taxes and ban a tax on real estate sales has resulted in a 112-word proposition on the ballot. That complex language distracts from the legislative intent of the measure and opens the door for misinformation. The latest misinformation about Prop 1 involves school funding.
Voters are being told that Proposition 1 will hurt school funding. This is absolutely not true.It’s understandable to question how this measure affects school funding. After all, Proposition 1 lowers property taxes, and schools get all of their funding from property taxes.
However, in the legislation that resulted in Proposition 1, the Texas Legislature made it absolutely clear that school districts will not lose any funding as a result of the property-tax reduction.
Proposition 1 lowers property taxes, bans a sales tax on real estate, saves money for seniors and disabled Texans, and mandates that Texas reimburse local school districts for any loss in revenue.
That’s the 112-word ballot language in Lehman’s terms.
Mark Lehman is vice president of governmental affairs at the Texas Association of REALTORS®. Political ad by the Texas Association of REALTORS®.
Categories: In Lehman's Terms
Tags: proposition 1, elections, legislative issues
https://www.texasrealestate.com/advice-for-consumers/article/proposition-1-does-not-hurt-school-funding
