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The state's strong reserves contributed to brighter rating outlooks from Moody's Investors Service and, earlier this year, S&P Global Ratings.
October 19 -
Kevin Stitt ordered a special session to put the state on a path to zero income taxes and consider a proposal sparked by a dispute over Native American taxation.
September 25 -
States nationwide saw slower general fund revenue growth in fiscal 2023 after gains the previous two fiscal years fueled by high inflation and federal stimulus.
September 11 -
After months of feuding on how to deliver a massive property tax cut, lawmakers finally passed legislation for an $18 billion package.
July 14 -
Legislative leaders said they agreed to an $18 billion package that includes a reduction in school property taxes and a higher homestead exemption.
July 10 -
The $54.3 billion spending plan for fiscal 2024 is $5.4 billion larger than last year's and $1.2 billion more than the proposal Gov. Phil Murphy pitched in February. It features tax-relief programs and tax code changes.
July 3 -
With no agreement on how to structure a historic property tax cut, Gov. Greg Abbott ordered state lawmakers back for a second special session.
June 29 -
As the Republican-controlled state House and Senate remain divided on how to deliver a historic tax cut, the governor vetoed dozens of bills to pressure lawmakers.
June 26 -
A bill passed this week would place a measure on the November statewide ballot to prevent growing home values from raising property taxes.
May 10 -
The Republican-controlled legislature sent the governor a tax cut bill that included replacing the state's three-tier personal income tax structure with a flat 5.15% rate.
April 24