Gov. Greg Abbott unveiled a property tax reform plan Tuesday that would cap revenue increases for local taxing entities at 2.5 percent a year. It promises to be the centerpiece of his re-election campaign and, if he wins a second term, his top priority in the next session of the Legislature.
The plan also would prohibit the Legislature from imposing unfunded mandates on the local jurisdictions that would be bound by the cap.
“Enough is enough,” said Abbott, who traveled Tuesday to Houston to announce his proposal.