The Senate version of the state budget for the upcoming biennium includes $32 billion for property tax cuts. The bill, filed Wednesday by Houston Senator and Finance Committee Chair Joan Huffman, would spend $151.6 billion in non-dedicated general revenue, significantly less than the $194 billion in estimated revenue for the 2026-2027 biennium. “The Senate’s base budget ensures that the State of Texas continues to have the strongest and most successful economy in the nation,” said Huffman in a statement. “We have an obligation to the people of Texas to make investments that will keep Texas as the best place to live, work, and raise a family.” Including federal funds and dedicated state revenue, the filed budget would spend $332.9 billion next biennium, nearly identical to the amount finally allocated by the legislature in the 2023 budget.