The proposal earmarks $16.5 billion for property tax relief. Lt. Gov. Dan Patrick has said the money can be used to raise the homestead exemption, from $40,000 to $70,000.
State Sen. Joan Huffman, the chair of the Senate Committee on Finance, speaks about the Senate's budget plan on Monday.That’s how Lt. Gov. Dan Patrick described the Texas Senate’s work on its proposed spending plan for 2024 and 2025., which includes a pay raise for state workers, as well as funding to address mental health statewide.
“We are seeing unprecedented levels of revenue to the state,” said Huffman, the chair of the finance committee. “This is a once-in-a-generation opportunity to address long-standing needs, pay down debts, make strategic investments in our state infrastructure and historic sites, and most importantly, give money back to the taxpayer.”
The plan also earmarks $10 billion for the construction of electric-generating facilities, and $900 million in new funding for mental health services.Sen. Judith Zaffirini, D-Laredo, praised the budget for funding “shared priorities” and tackling property taxes. But Zaffirini and other Democrats praised the proposed spending on education. The Senate plan allocates $5 billion for schools. The money could be used to give teachers pay raises or on school safety and special education services.The proposal now goes to the House for the full consideration of that chamber.earlier this month. So. the two chambers will likely negotiate to settle some significant differences between their respective spending plans.
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