There could be a property tax deal on the horizon

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There could be a property tax deal on the horizon
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The Texas Senate has once again passed its property tax relief bill. And this time, it includes an amendment by Sen. Roland Gutierrez, D-San Antonio, to give teachers $2,000 to $6,000 bonuses, depending on district size, for the next school year.

AUSTIN, Texas – It includes an amendment by Sen. Roland Gutierrez, D-San Antonio, to give teachers $2,000 to $6,000 bonuses, depending on district size, for the next school year

The Senate’s plan would increase the homestead exemption to $100,000, which is the amount of a home’s value that cannot be taxed. It also puts money toward what the House wants, which is to cut school district tax rates. The House advanced its own plan out of committee, which only focuses on driving down school district tax rates. This is what Gov. Greg Abbott specifically called for. But with the new amendment to give teachers a bonus, the Senate hopes the House will sign their bill so the chambers can adjourn.

Lawmakers are hopeful a deal is being worked out behind the scenes between Lt. Gov. Dan Patrick and House Speaker Dade Phelan.

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