"The Lord is not slack concerning His promise, as some count slackness, but is longsuffering toward us, not willing that any should perish but that all should come to repentance."
2 Peter 3:9
The writing for this one has been on the wall for several months, so it's not surprising, but still:
Highlights:
- Thursday's council meeting is the last time to increase the exemption before a mandatory state deadline; Troxclair couldn't get 4 co-sponsors to get it on the agenda.
- Almost all of the current council campaigned on this issue.
- It was Adler's #1 affordability issue in 2014.
- Adler: Blah blah, "too much budget uncertainty."
A few thoughts:
- While this is disappointing, the truth is that homestead exemptions are band-aids on bullet wounds, so the net impact is minimal.
- The property tax discussions currently underway in the legislature will have far more of an impact on the average homeowner in Austin than whatever council does this week.
- That being said, 2018 is a council election year (with the Mayor being up as well) and we suspect they'll find a way to make significant headway on this issue then.
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