One, because the Texas economy is so robust and because we've been responsible in spending, once again, we have a very large budget surplus, and We're going to be returning that budget surplus to taxpayers by buying down the property tax rates. Remember this, and that is the state does not impose a property tax. Only local governments impose a property tax. (00:10–00:16)
CLAIM
Asserts that Texas plans to return the budget surplus to taxpayers by reducing property tax rates.
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