Texas Governor Opposes Austin's Potential Property Tax Increase

The Austin City Council has unanimously voted to set the maximum property tax rate for the next fiscal year at 60 cents per $100 valuation, representing a potential 25 percent increase from the current rate of 47.76 cents. This decision comes as the city faces an estimated $33 million budget shortfall for the upcoming fiscal year. Texas Governor Greg Abbott has publicly opposed this move, stating that the legislature must prevent property tax increases and spending growth.