than Texas, where 44% of all local and state tax collections come from property taxes.
Making sympathetic noises about Texans’ high property taxes while not actually doing anything meaningful to lower them is much easier — and, so far, has provided legislative and statewide incumbents with a powerful and perennial political issue that doesn’t require them to do anything they’d consider painful.
That money is the difference between what the state spent on local schools and what it would have spent without increases in local property values. If you haven’t been looking, those values are soaring, which has the effect of raising property tax bills and lowering what the state needs to send to your local school district for its share of the costs.
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