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TEXAS LEGISLATURE
School choice, power grid also cited as top initiatives
The amount that homeowners can write off of the taxable value of their home before assessment would nearly double under the budget proposed by the Senate on Wednesday.
SB 1, filed by Senate Finance Committee Chair Senator Joan Huffman of Houston, would increase the homestead exemption from $40,000 to $70,000 at a cost of $1.8 billion for the st…