Research Library

While rapid economic and population expansion in Texas cities’ can bring financial prosperity, such growth also can strain local governments’ ability to provide public services and balance budgets. In a new outlook, John W. Diamond and Joyce Beebe detail the financial positions of Houston, San Antonio, Austin, Fort Worth, and Dallas, highlighting each city’s budgetary achievements and gaps.

The Sheinbaum administration recently unveiled its National Strategy for the Electric Sector, aiming to strengthen Mexico’s state-owned companies. In doing so, it may have overlooked key economic, infrastructural, and technological challenges. In a new issue brief, nonresident scholar Rolando Fuentes explores the plan’s potential benefits, risks, and gaps — emphasizing how comprehensive and transparent policies are crucial for building a sustainable, vibrant electricity sector in Mexico.

Houston’s tax increment reinvestment zones (TIRZs) were legislated to help finance the economic and infrastructural development for the city‘s most underfunded areas; however, TIRZs can have had the opposite effect. A new issue brief by experts from the Center for Public Finance examines the regressive impact of TIRZs through geographic and census data, finding that TIRZs primarily benefit wealthier neighborhoods and higher-income Houstonians.

The significant economic benefits of the U.S.-South Korea relationship, including billions in Korean investments in American industries, have created thousands of U.S. jobs. In a new Center for Strategic and International Studies (CSIS) commentary, nonresident fellow Henry Haggard suggests that reducing tariffs, expanding visa opportunities, and fostering more joint ventures in sectors like steel and shipbuilding could further enhance prosperity and security for both nations.

Texas lags behind other states in generating business-funded research and development (R&D) expenditures, which are crucial for supporting long-term economic growth and competitiveness. John W. Diamond’s new working paper outlines how Texas can boost R&D tax incentives without causing fiscal challenges and how these tax credits could benefit the state’s economy, locally and statewide.

The U.S. health care system is grappling with a severe labor shortage, worsened by the long-term effects of the COVID-19 pandemic and an aging population. A new report from the Center for the U.S and Mexico offers recommendations to address the sector’s needs, including expanding visa availability, reforming occupational licensing, specializing recruitment, and streamlining the immigration process.

Both presidential candidates have endorsed a policy of no tax on tips. But would this approach really help the low-income workers it’s meant to support? Fellow Joyce Beebe reviews the current tax treatment of tip income, summarizing the main arguments against such a policy, potential impacts, and possible alternatives

Recently proposed federal legislation would require the Texas electrical grid to connect to the Eastern and Western Interconnections. While connecting the Texas grid may offer more power to the state and beyond, it would not eliminate the state’s energy reliability, connectivity, or outage concerns. Thus, policymakers should shift their focus to funding a thorough, practical study of all the issues involved in Texas grid integration, writes nonresident scholar Julie A. Cohn.