Texas HB60 sets higher voting thresholds for taxing units to adopt tax rates or issue bonds exceeding voter-approved rates.

HB60 mandates that taxing units require an 80% vote from their governing bodies to adopt tax rates exceeding voter-approved rates in the subsequent tax year. It also requires a 60% vote for issuing general obligation bonds. These provisions apply to tax years beginning after the bill's effective date, which is 91 days after the legislative session. The bill amends the Tax Code and Water Code to include these requirements.

Texas HB60 sets higher voting thresholds for taxing units to adopt tax rates or issue bonds exceeding voter-approved rates.

HB60 mandates that taxing units require an 80% vote from their governing bodies to adopt tax rates exceeding voter-approved rates in the subsequent tax year. It also requires a 60% vote for issuing general obligation bonds. These provisions apply to tax years beginning after the bill's effective date, which is 91 days after the legislative session. The bill amends the Tax Code and Water Code to include these requirements.