They're passing legislation up there and It'll be on the ballot in November to increase the homestead exemption, certainly for seniors. You know, just let me digress for a minute. Austin is really digging a big old hole for themselves. They've always depended on ad valorem taxes as a primary source. It's so unpopular. So they're lowering or increasing the exemptions because they've got an oil surplus. You know, they had $30 billion surplus when they started in January. (23:22–23:31)
CLAIM
Asserts that Austin relies heavily on ad valorem taxes as a primary revenue source.
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