Relating to a limit on political subdivision expenditures.

HB 133 limits annual spending for Texas local governments like counties, cities, school districts, and special districts that impose property taxes or issue bonds. It sets a spending cap based on either the previous year’s total expenditures or a formula adjusted for inflation and population growth, calculated annually by each local entity. Local governments must publicly post this calculation each January using a state-prescribed form. Exceeding the cap requires a two-thirds voter approval in a special election. The bill does not affect non-taxing entities or disaster relief costs.