“I think it’s great because it adds competition,” said Diamond. “The financial sector, there’s enough headquartered public companies in Texas to make it make sense."
The rise in core capital goods spending remains a positive sign for future production and bringing inflation down, said Diamond. If the trend continues, "there won’t be as much competition for a smaller number of goods, and it’ll restrain price increases.”
Taxpayers should expect substantial rate and fee increases for at least five to ten years from now amidst Houston budget shortfall according to Diamond. "We're beyond the, 'Can we afford it? Is this a good decision?' This is a, 'We're in a little bit of a crisis, and we have to do this to try to see if we can rebound.'"
Gov. Greg Abbott recently signed a property tax relief package for Texas property owners, but fellow John Diamond explains how although “everybody gets some benefit,” the bill will ultimately underserve renters.
Gov. Greg Abbott calls for House & Senate to finalize property tax relief plans, but both sides are “dug in” to their own positions, fellow John Diamond says. “As far as a resolution, it’s hard to know where they’re going to strike common ground right now.”