SB 878 - Reins in Corporate Welfare

SB 878 strengthens fiscal discipline and accountability in local economic development deals by eliminating the ability of cities and counties to grant property tax breaks outside of Chapter 312. It ensures taxpayer money is protected by requiring public transparency, performance metrics, and limits on the duration of public-private agreements. The bill helps to reduce the risk of cronyism, wasteful spending, and long-term financial obligations, and is a step toward eliminating more corporate welfare in Texas. For these reasons, TFR supports SB 878.