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Frisco Officials Look for Compromise on Tax Caps
The city of Frisco is working with Texas legislators on potential changes to a proposed property tax revenue cap to accommodate fast-growth cities.
The proposal, spelled out in two identical bills filed in the state House and Senate earlier this year, would cap the increase in property tax revenues for cities, counties and school districts at 2.5 percent. It would also require local taxing entities to obtain voter approval if they wanted to collect more than that percentage.
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