Texas proposes a constitutional amendment to establish a property tax reduction fund.

The bill proposes a constitutional amendment to establish the property tax reduction fund in Texas. This fund aims to reduce school district maintenance and operations ad valorem taxes. It will consist of unencumbered general revenue and certain general revenue that would otherwise be transferred to the economic stabilization fund. The comptroller of public accounts will transfer funds to this account. The amendment will be submitted to voters on November 4, 2025.

Texas proposes a constitutional amendment to establish a property tax reduction fund.

The bill proposes a constitutional amendment to establish the property tax reduction fund in Texas. This fund aims to reduce school district maintenance and operations ad valorem taxes. It will consist of unencumbered general revenue and certain general revenue that would otherwise be transferred to the economic stabilization fund. The comptroller of public accounts will transfer funds to this account. The amendment will be submitted to voters on November 4, 2025.