Abbott Pledges ‘Largest Property Tax Cut In Texas History’

BEAUMONT, TEXAS - OCTOBER 17: Texas Gov. Greg Abbott speaks at a news conference on October 17, 2022 in Beaumont, Texas. Abbott met with state and local law enforcement to discuss measures in addressing the growing problem of fentanyl in the state. In September, the governor directed the state police through executive order to boost efforts at combating Mexican drug cartels, which he blames for transporting millions of doses of the opioid into Texas. (Photo by Brandon Bell/Getty Images)

At a glance

  • Texas Gov. Greg Abbott was sworn in to his third term Tuesday, vowing to cut property taxes, fight for parents’ rights in schools and more.
  • Abbott emphasized the state’s economic prowess and highlighted several priorities on his legislative agenda. They include keeping Texas the number one state for business, providing the largest property tax cut in state history, dedicating state funds to infrastructure projects and strengthening the state grid, advancing parental rights in education and school safety measures, bail reform, and expanding criminal penalties for fentanyl-related crimes.
  • Of Texas’ record $33.7 billion budget surplus, the largest in state history, Abbot said that money “does not belong to the government. It belongs to the taxpayers. We will use that budget surplus to provide the largest property tax cut in Texas history.”

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