Could a historic tax cut be on the way for Texans?

By now you’ve probably heard of Texas’ record-setting $33 billion tax surplus. There are limits to just how much state lawmakers can spend, so it means legislators have $188.2 billion to spend over the next two years, according to KXAN.

I’m sure just how that money is spent will be a major point of contention among lawmakers over the course of the next two years. Regardless, it’s a good problem to have.

Newstalk 1290 logo
Get our free mobile app

Even though he didn’t address how the surplus would (or should) be spent, Governor Greg Abbott sent out a tweet last night saying that he wants to give the money to taxpayers, via a historic property tax cut.

Of course, people on Twitter are complaining about it because that’s what people on Twitter do. But there are also plenty of others who are applauding the governor.

Now allow me to chime in as a regular old homeowner here in the Lone Star State.

I love the move. Everyone knows we pay some of the highest property taxes in the country. According to The Street, Texans pay the seventh-highest property taxes in the United States.

The cost of living these days is the highest I’ve ever seen it. So, I’ll be more than thankful for every single dollar I’m able to save through tax cuts or by any other means, for that matter.

Dumbest Laws on the Books in Texas

Be careful you don't do any of the stuff mention on this list in Texas. They're all illegal. Seriously.

LOOK: Here's where people in every state are moving to most

Stacker analyzed the Census Bureau's 2019 American Community Survey data to determine the three most popular destinations for people moving out of each state.

LOOK: The oldest cities in America

Though the United States doesn’t have as long of a history as some Old World countries, it still has plenty of historical charm. Stacker brings you a list of the 50 oldest cities in America.

More From Newstalk 1290