Proposition 1 on the Nov. 3 ballot would increase the homestead exemption from $15,000 to $25,000, which would benefit homeowners.
The Legislative Budget Board says Texas will pay about $600 million each year to cover the loss of funding to school districts.
But the Texas Tribune reports the expected savings on homeowners property tax bills comes with a permanent increase in state spending. The Tribune story includes an app to find out how much Proposition 1 can save homeowners.
Early voting is under way for Proposition 1 and six other constitutional amendments, a special election for a state representative, and school and city charter issues around the region.