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Nov 2, 2021 Texas Voting
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I have a question about Prop 1. Why would the PRCA and WPRA not be able to hold charitable fundraising during their events under current Texas law?
Seems like every organization in the state of Texas and their dogs hold charitable fundraising for some group or another.
Just seeking justification for this proposed law.
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Originally posted by Mike D View PostWhat is everyone’s take on Prop 2? Is that just another Avenue to increase property taxes?
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If the county increases the ad valorem taxes, they cannot use more than 65% of the increase to go toward repaying the bonds. So …. I think the taxes are allowed to increase up to 10% a year. That would mean up to 65% “of the increase” could go to repay bonds. Now they could still raise taxes the same 10% maximum and use it for whatever they want to even if this does not pass. They could still use the increase in taxes to pay for road improvements but if I understand right, the difference is they can’t issue bonds which are basically a low interest loan.
So if a county had to raise their taxes next year by 4% just to pay for expenses, if they had to pay back the municipal bond with interest, they would raise your taxes another couple of percent to cover it.
But they cannot increase taxes more than state law allows annually. It just gives the county an authority to issue bonds. That leaves the potential for increasing taxes more than they would otherwise need for operating expenses as long as it does not go over the 10% state cap.
If that makes sense.
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Originally posted by tvc184 View PostIt potentially could. Texas cities already have the authority to issue bonds for a road improvements in certain areas. That authority was not granted or not explicitly granted toward counties. It would basically make the county government equal to a city government.
If the county increases the ad valorem taxes, they cannot use more than 65% of the increase to go toward repaying the bonds. So …. I think the taxes are allowed to increase up to 10% a year. That would mean up to 65% “of the increase” could go to repay bonds. Now they could still raise taxes the same 10% maximum and use it for whatever they want to even if this does not pass. They could still use the increase in taxes to pay for road improvements but if I understand right, the difference is they can’t issue bonds which are basically a low interest loan.
So if a county had to raise their taxes next year by 4% just to pay for expenses, if they had to pay back the municipal bond with interest, they would raise your taxes another couple of percent to cover it.
But they cannot increase taxes more than state law allows annually. It just gives the county an authority to issue bonds. That leaves the potential for increasing taxes more than they would otherwise need for operating expenses as long as it does not go over the 10% state cap.
If that makes sense.
It does, thanks.
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Originally posted by Mike D View PostWhat is everyone’s take on Prop 2? Is that just another Avenue to increase property taxes?
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Yes.
Where and how much is the question. Give a government money and they will find a way to spend 200% of it.
It will pass. Texans love to vote for Constitutional amendments.
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Originally posted by locolobo View PostI have a question about Prop 1. Why would the PRCA and WPRA not be able to hold charitable fundraising during their events under current Texas law?
Seems like every organization in the state of Texas and their dogs hold charitable fundraising for some group or another.
Just seeking justification for this proposed law.
The Constitution specifically allows only certain types of professional sports team charitable organizations to hold raffles and currently only at “games.” The amendment changes those definitions to include the PRCA & WPRA in the organizations and “rodeo events” in addition to “games.”
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Originally posted by marshman View PostWhere could one find out more info on all the amendments?
On this was from the league of women voters, there is a link on the left side of the page (in the magenta/purple box) that lists the amendments and the pros and the cons for each one.
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Originally posted by Mike D View PostWhat is everyone’s take on Prop 2? Is that just another Avenue to increase property taxes?
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