Lewisville staff outline economic outlook and warn House Bill 9 will shift property-tax burden toward residents City staff told council that a recent state change (House Bill 9) raising the business personal property exemption will shrink the taxable base (estimated $210 million reduction for tax year 2024) and likely shift more of the property-tax burden to residents beginning in FY27; staff urged conservative forecasting and highlighted strong reserves and recent OPEB funding gains.

Lewisville's economic forecast reveals a looming tax burden shift to residents due to House Bill 9, sparking concerns over the city's fiscal future.

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City faces potential crisis from rising vacancy rates affecting job growth and tax base Rising vacancy rates threaten long term job growth and corporate contributions to city tax base.

Lewisville's City Council is sounding the alarm over rising vacancy rates that could jeopardize job growth and threaten the local economy.

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#LewisvilleDentonCounty #TX #CorporateRetention #LewisvilleEconomy #EconomicStability #JobGrowth #CitizenPortal

Community member critiques STR limits while advocating for warehouse growth in local meeting Local resident highlights economic growth challenges amid STR regulations and warehouse development.

At a recent City Council meeting in Lewisville, a resident passionately argued that limiting short-term rentals could stifle economic growth and worsen housing shortages for local workers.

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#LewisvilleDentonCounty #TX #EconomicDevelopment #CommunityEngagement #LewisvilleEconomy