New plans in Washington to drastically cut federal spending are upending state plans for property tax cuts here in Texas. State leaders now have question marks

The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000.

In the latest of his many attempts to curb Texas' high property taxes, Republican Governor Greg Abbott wants to give the state's homeowners the power to weigh in on every hike. It's a move that critics warn could have a dramatic impact on the funding for public services in the Lone Star State.