"Texas Legislature Grapples with Property Tax Relief for Renters and Homeowners"

Texas House Democrats have introduced a $20.9 billion tax relief plan that includes property tax relief through tax compression, an increased homestead exemption, and annual rebates for renters. The plan also incorporates annual teacher pay raises into the state's school financing system. The proposal combines ideas from previous House and Senate plans and aims to provide sustainable relief for homeowners and teachers. Renters, who make up 38% of Texans, would now be eligible for a tax rebate of 10% of their annual rent. The bill will need Republican support to advance in the House.