Relating to a limit on political subdivision expenditures.

HB 117 limits annual spending for local governments in Texas that can levy property taxes or issue bonds (like counties, cities, school districts, and special districts). It requires these entities to cap total expenditures at either last year's spending or a calculated amount based on the prior year's spending multiplied by (1 + population growth rate + inflation rate). Exceptions allow higher spending if voters approve it with a two-thirds majority in a special election. The bill aims to link spending increases to measurable economic factors rather than arbitrary decisions. This directly affects all local governments with tax or bond authority across Texas.