This point can't be emphasized enough. One drawback to moving away from property taxes is that the new funding mechanism would be controlled by the comptroller.Quote:
2. Local control - ALL of your property taxes are levied by someone who most likely lives in your county and many times by you when you vote for a bond. Income sales and the vat all go to a higher jurisdiction that throws it into a pot you may or may not get back
The state (comptroller) will redistribute the taxes collected based on politics/needs/etc. Its already happening with our school taxes. Best case scenario for the large urban areas generating the revenue is that their reps team up and keep money in those towns. That's the worst case scenario for the rural parts of the state. In my personal opinion, the character and strength of rural Texas is instrumental to the long-term success/image/strength of our state. But for that to occur, taxes from the cities would be redistributed to the rural areas, thereby depleting the resources for the places were most people live. This would be politically untenable for those areas and their representatives/senators/etc.