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Senate approves bill to create comptroller‑administered database of local taxing‑unit bond, tax and project information
Summary
The Senate passed House Bill 1 03 to require the comptroller to create and maintain a public database with bond, tax and project information for taxing units; sponsors said the database aims to increase transparency about local debt and projected tax impacts.
Senator Bettencourt described House Bill 1 03 as "creating and maintenance of a database of taxing unit bond tax and bond related project information" to provide taxpayers with clearer, statewide data on local bond elections, ballot language, and projected tax impacts.
Senator Bettencourt said the fiscal note estimated implementation at about $1,600,000 for the biennium and that the office of the Texas Bond Review Board already collects much of the…
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