Bill > HB5334

This bill modifies the requirements for voter information documents related to debt obligation elections for political subdivisions with at least 250 registered voters. The changes include requiring the financial information to be presented in a table format showing both aggregate and per student capita amounts, and specifying that the tax impact estimate should be based on the average taxable value in the jurisdiction (rather than a flat $100,000 value). The bill also mandates that political subdivisions identify the major assumptions and underlying data used to develop the tax impact estimate, including debt amortization, potential changes in appraised property values, and assumed interest rates. Additionally, for political subdivisions with websites, the voter information document must be posted on the homepage or a dedicated bond election information page at least 21 days before the election. The bill will take effect immediately if it receives a two-thirds vote in the Texas legislature, or on September 1, 2025, if it does not receive the necessary immediate approval vote. These changes aim to provide voters with more transparent and detailed information about proposed debt obligations.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5334