Texas HB96 sets rules for elections on issuing bonds or increasing property taxes.

HB96 mandates that elections to authorize the issuance of general obligation bonds or to approve an increase in an ad valorem tax rate must be held on the November uniform election date. It requires a supermajority vote of at least three-fifths of voters to approve such bonds or tax increases. The bill also outlines the notice requirements for public hearings on proposed tax rates, including details on the proposed, no-new-revenue, and voter-approval tax rates. It modifies the calculation of the voter-approval tax rate and introduces the concept of a de minimis rate.

Texas HB96 sets rules for elections on issuing bonds or increasing property taxes.

HB96 mandates that elections to authorize the issuance of general obligation bonds or to approve an increase in an ad valorem tax rate must be held on the November uniform election date. It requires a supermajority vote of at least three-fifths of voters to approve such bonds or tax increases. The bill also outlines the notice requirements for public hearings on proposed tax rates, including details on the proposed, no-new-revenue, and voter-approval tax rates. It modifies the calculation of the voter-approval tax rate and introduces the concept of a de minimis rate.