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Texans now have a new database to track the results of local bond propositions and tax rate elections, or TREs, in their communities and across the state.
The details: Texas’ Local Government Bond, Tax, and Project Transparency Database was unveiled after state lawmakers passed House Bill 103 this spring. The new law requires the comptroller to compile information about all bonds, tax rate elections and maintenance tax rate changes proposed by local governments in an election, including:
- Ballot language for all tax-related proposals
- How each tax measure would impact the local tax rate or debt service
- The difference between the adopted tax rate and voter-approval tax rate, if applicable
- The entity’s tax rate for the prior year and the tax rate following the election
- A list of projects funded by each tax measure
- The results of each election, including votes for and against a measure
Stay tuned: Local governments have until Jan. 1 to provide information for all tax elections from 2015-2025. In future years, data must be reported by Aug. 7 following each election.
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