Understanding the Critical Tax Issues on the November Ballot

As Texans prepare to cast their votes this November, the decisions made at the polls could dramatically alter the state’s fiscal framework. This election features pivotal contests for state legislature seats and local tax authorities, where candidates offer divergent approaches to managing property taxes, expanding sales tax bases, and reforming business taxation. Beyond choosing representatives, voters will influence the trajectory of Texas tax policy amid mounting concerns over affordability and the funding of essential public services.

The election’s outcomes could bring changes in several key areas:

• Property Tax Adjustments: Potential implementation of caps or relief programs aimed at reducing homeowner tax burdens.
• Sales Tax Expansion: Proposals to broaden taxable goods and services, including digital products and online transactions.
• Business Tax Reforms: Debates over revising incentives and possibly introducing new taxes affecting businesses of all sizes.