Austin Council passes resolution opposing state revenue caps
Updated: May 8, 2019
Unhappy with state lawmakers, the Austin City Council is fighting back against property tax plans.
Both SB2 and HB2 would impose a 2.5 percent cap on revenue raised by local governments from property taxes.
City leaders say that would save the average Austin homeowner a few dollars every month -- but it would send the city to the brink of a crisis with major budget deficits.
"This is about the foundation of our economy, the strongest economy in the nation right here in Austin, and one of the strongest in the state is under threat right now because of HB2," said Council Member Jimmy Flannigan (District 6).
On Wednesday, city council passed a resolution opposing state revenue caps. They claim the tax cuts come at a cost of public safety and other essential services.
By CBS Austin
Posted Thursday, April 11th, 2019