Property tax cuts hit the fast track as Texas Senate advances long-awaited agreement

Construction in the Teravista neighborhood in Georgetown on May 18, 2016. (Credit: Shelby Knowles for The Texas Tribune)

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A key portion of an $18 billion legislative package to cut land-owning Texans’ property taxes received unanimous approval in the Texas Senate on Wednesday, moving the long-awaited compromise deal along a fast track to the governor’s desk after months of agonizing negotiations among the state’s top Republicans.