Texas Senate passes tax cut package

TheTexasSenatelastweek unanimously approved a $16.5 billion package to lower property taxes and inject billions of dollars into public schools. As reported by the Texas Tribune, the three separate bills require the state to send at least $5.38 billion to public schools while at the same time raising the state’s homestead exemption from $40,000 to $70,000, with an additional $20,000 exemption for…