Wednesday, June 28, 2017

Despite Troxclair's Best Efforts, #ATXCouncil officially breaks word on Property Taxes....


"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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