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.

A bill to offer all homeowners in Wyoming a two-year, 50% reduction in property taxes has passed the state Senate.

Senate Bill 4 would increase the residence homestead exemption to $140,000, which would be the largest exemption in Texas history.

Legislation raising Texas’ property tax homestead exemption to $140,000 was filed in the Texas Senate on Friday, offering the first look at how the Legislature may handle one of Republican Gov. Greg Abbott’s emergency agenda items.