KETR

property tax reform

Commerce ISD

Commerce ISD Superintendent Charlie Alderman says the CISD other small-to-medium size school districts will benefit from the Texas Legilsature's actions on school-finance reform in the recently completed session, but the details of the legislation is still unclear.  On property-tax reform, Alderman says he understands that the owner of a $200,000 home will save about $140 per year.  Alderman says the Commerc

KETR News File Photo

State lawmakers are busily trying to bring down Texas’ property tax rate this session.

One proposal is to cap local property tax revenues at 2.5 percent and then let voters decide on what to do with anything over that.

For the state’s community colleges, that could mean a noticeable loss of revenue.