Your Guide to the Nov. 7 Vote
As November approaches, Texans are gearing up for a crucial vote that could shape the future of the state. Early voting begins on October 23 and runs through November 3, leading up to the statewide ballot on November 7. The upcoming vote in Texas holds significant importance, as it involves 14 proposed constitutional amendments. Of these, Texas REALTORS® is endorsing five that promise to bring about essential tax relief and foster economic growth. In this blog, we will explore these five amendments and why they matter to homeowners, businesses, and the entire state.
Overview of the Proposed Constitutional Amendments
The November 7 ballot includes 14 proposed constitutional amendments, each addressing various aspects of Texas governance.
Proposition 1 – Protect the Right to Farm This amendment aims to secure the rights related to agricultural activities on private property. By enshrining these rights in the Texas Constitution, the state can protect and support the agricultural industry.
Proposition 4 – Provide Property Tax Relief Perhaps the most significant amendment on the ballot, Proposition 4, seeks to provide property tax relief by raising the homestead tax exemption to $100,000, up from the current $40,000. It also authorizes the state to allocate more funds to local school districts, a process known as “compression.” These changes are poised to reduce property taxes for both homeowners and non-homestead properties.
Proposition 6 – Establish the Texas Water Fund Proposition 6 aims to establish a fund dedicated to investments in Texas’ water infrastructure. With the state’s ongoing growth, ensuring access to clean and reliable water is vital for residents and businesses alike.
Proposition 7 – Establish the Texas Energy Fund In a state known for its energy industry, Proposition 7 seeks to establish a fund to make crucial investments in Texas’ electricity infrastructure. This amendment aims to enhance energy reliability and support the needs of a growing population.
Proposition 8 – Establish the Broadband Infrastructure Fund Access to reliable and high-speed internet is no longer a luxury but a necessity. Proposition 8 aims to establish a fund for investment in broadband infrastructure, ensuring that all Texans have access to the digital world.
Why Texas REALTORS® Support These Amendments
Texas REALTORS® are supporting these amendments because they recognize the potential benefits they can bring to homeowners, businesses, and the overall real estate market. Proposition 4, for instance, represents the most substantial property tax relief in Texas history, making homeownership more accessible. Amendments 6, 7, and 8 address essential infrastructure needs, laying the foundation for economic growth and development in the state.
How to Vote Participation in the upcoming vote is crucial for shaping the future of Texas. Early voting starts on October 23 and continues through November 3, with the final statewide ballot on November 7. It’s important to find your nearest polling location and exercise your right to vote to make your voice heard.
The November 7 statewide ballot in Texas presents a unique opportunity for residents to influence the state’s future. Texas REALTORS® are advocating for five crucial amendments that promise property tax relief and essential infrastructure improvements. These changes can have a profound impact on the lives of Texans, homeowners, and businesses alike. As the voting dates approach, we encourage you to stay informed and participate in the democratic process by casting your vote.
Share this blog with your friends and family to spread awareness about the upcoming vote and the importance of these amendments. Encourage everyone to participate in the election process and have their say in Texas’s future.
Remember, your vote matters, and together, we can shape a better and brighter future for Texas.