Texas plans to spend $51 billion on property tax cuts. It may not be sustainable.

Texas plans to spend $51 billion on property tax cuts. It may not be sustainable.
Property tax cuts aren’t free. In fact, they’re costing Texas a fortune.
The Texas House is considering a budget that would shell out $51 billion — 15% of the state's total two-year spending plan — to maintain and provide new property tax cuts. That number, more than the state allocates to transportation or higher education, is making even some Republicans nervous about the state’s ability to afford the tax relief if there’s an economic downturn.
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