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Budget Calendar May 2023 SMarch 7Approve budget calendar for Fiscal Year October 1, 2023 September 30, 2024 (FY24)6April 20Request forms due to Building Maintenance and MIS1213April 27Deadline for.
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7th FAQ
The 2024-25 budget allocates some $144 billion in state tax money — including half of the surplus — toward tax cuts, improving mental health access, pay raises for state employees, border security, state parks expansions and the state's energy grid, plus infrastructure for broadband and water.
For the two-year period from Sept. 1, 2023, to Aug. 31, 2025, the thousand-page General Appropriations Act budgets approximately $321 billion from all funds and $144 billion from general revenue (GR). The 2024-2025 Texas Budget | Every Texan everytexan.org https://everytexan.org › wp-content › uploads › 2023/08 everytexan.org https://everytexan.org › wp-content › uploads › 2023/08
Guadalupe County Seguin / County
As part of an $18 billion property tax relief package, Texas homeowners will see their homestead exemption on their property tax bill increase from $40,000 to $100,000 of their home's assessed value. If you have an existing homestead, the changes will automatically apply.
Texas' two-year budget takes roughly twice that amount of time to prepare, produce, and administer. Agencies develop their appropriations requests in the first year, the legislature approves the General Appropriations Act in the second year, and the budget is implemented over the next two years.
Texas's current budget Texas enacted its FY 2024-2025 biennial budget in June 2023. The budget reported $144 billion in general fund spending and $321.3 billion in total spending over the two-year period, an increase of 11 and 6 percent over the previously enacted biennial budget, respectively.
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