Property taxes

Biennial budget bills filed by the Texas House and Senate include $15 billion in property tax cuts amid a projected $32.7 billion surplus.

A panel discussion hosted by the Volcker Alliance explored the future of American cities

After an error in property valuation led to a $10.3 million revenue shortfall, Pearland, Texas, officials approved plans to restructure debt and help balance its fiscal 2023 budget.

Rising property values will help keep the $3.56 billion of new bonds manageable, particularly if issuance is spread over multiple years, rating analysts said.

The mall operator want a downward reassessment of the property's estimated value, a move that could reduce quarterly PILOT payments that back tax-exempt bonds.

The bridge loan program announced in July will spare suburban taxing bodies from having to issue tax anticipation notes to bridge a months-long delay in property tax bills going out

The controversial Chapter 313 program's property tax breaks will not be offered after Dec. 31, 2022.

The county is working with PNC Bank to set up a line of credit that could provide up to $300 million of short-term loans to local suburban Chicago taxing bodies.

While the path back to pre-pandemic office life remains uncertain, a protracted remote work reality may be a harbinger for future credit rating downgrades of cities heavily dependent on commuter-driven revenues.

Rising home values are putting the spotlight on property taxes in Texas, where state lawmakers are eying tax relief options even as previously approved measures slow the growth in tax bills.