Texas proposes a constitutional amendment to limit state and local appropriations growth and return excess funds by reducing taxes.

The Texas Legislature proposes a constitutional amendment to limit the rate of growth in state and local appropriations. This amendment, if approved by voters, would cap the growth of appropriations from various funds to the average taxpayer's ability to pay. The Legislative Budget Board would calculate and approve the growth rate before each legislative session. State and local governments can exceed this limit only with a three-fourths majority vote in case of an emergency. Any excess funds collected would be returned to taxpayers by reducing tax rates.

Texas proposes a constitutional amendment to limit state and local appropriations growth and return excess funds by reducing taxes.

The Texas Legislature proposes a constitutional amendment to limit the rate of growth in state and local appropriations. This amendment, if approved by voters, would cap the growth of appropriations from various funds to the average taxpayer's ability to pay. The Legislative Budget Board would calculate and approve the growth rate before each legislative session. State and local governments can exceed this limit only with a three-fourths majority vote in case of an emergency. Any excess funds collected would be returned to taxpayers by reducing tax rates.