Texas now requires cities to do an audit before raising property taxes. Some small towns cant afford it.
· KRGV (NBC 5)
Texas cities are now required to conduct annual financial audits before they can increase property taxes, a law affecting over 130 towns, particularly smaller ones. Howe, a town of about 3,686 residents, received a notice from the Attorney General's office freezing its tax rate due to overdue audits. The cost of an audit can be significant, with Howe facing a $40,000 bill against a $7 million budget. This financial strain limits their ability to fund essential services and infrastructure projects. Other towns like Alpine and Manvel are also struggling to meet the new requirements, facing unique challenges in staffing and management.
AI summary · Source: KRGV (NBC 5) →
