Mayor Sylvester Turner
Mayor Sylvester Turner said Wednesday he will ask voters in 2023 to amend the city’s cap on property tax revenue to allow for more public safety spending, as the council cut the city’s tax rate for the eighth time in nine years to get under that limit.
Turner said he would bring language to City Council shortly to put the measure on the November 2023 ballot, after At-Large Councilmember Michael Kubosh expressed concern about how the city will be able to afford the increasing police and fire budgets with strained resources.
“If there is strong sentiment on this council to at least allow the voters to decide, well, let’s put it this way: I’m willing to put it before you and then allow the voters to make that decision,” Turner said. “I will put it before you to be placed on the November ballot of next year.”
City Council voted unanimously to cut its property tax rate by about 3 percent, moving from 55.08 cents to 53.36 cents per $100 in valuation. The city accounts for about 20 to 25 percent of a standard Houston property tax bill, with about half going to the local school district.
The city’s cap on property taxes limits the growth in revenue to a formula that combines inflation and population increases, or 4.5 percent, whichever is lower. The city hit the former mark this year, as is standard.
Houston first hit the cap in the 2015 fiscal year, and its tax rate since has fallen about 16 percent, down from 63.88 cents per $100. The city has missed out on about $1.5 billion in revenue as a result of those cuts, according to Turner’s administration. The owner of the median Houston home in that time has saved about $946, or about $105 per year.
[…]
Voters tweaked the cap in 2006 to allow the city to raise an additional $90 million in revenue for public safety spending. It was not immediately clear whether the ballot language Turner is proposing would increase that number or seek to carve out public safety spending entirely. The police and fire departments account for $1.5 billion in spending in the city’s current budget.
You know how I feel about revenue caps. At least this will give all those who rail against “defunding the police” the opportunity to put their money where their mouths are. I expect there will be at least one lawsuit filed over this regardless, and given what we’ve seen with other litigation it will still be ongoing in 2033.
53 days and counting………….
Exactly David…the bill is coming due.