Dirty Harry
DP Veteran
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- Dec 17, 2009
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Texas isn't in trouble. We have $9 billion in savings to use to get through lean times.
Now, it isn't perfect and it definitely isn't a boom time...but we are managing and our budget will come in balanced: Texas Senate budget also bleak, has more school funds than House version | The American Independent When all is said and done, they will come to a compromise that does reduce government responsibilities...but doesn't intrude on freedoms.
Really?
2011 Budget Shortfall | Topic | The Texas Tribune
2011 Budget Shortfall
A budget shortfall as high as $25 billion is projected as lawmakers head into the 2011 legislative session, according to estimates from economists and the comptroller's office. Texas writes budgets biennially, or in two-year terms, so the shortfall affects the 2012-2013 state budget.
Leadership in the Texas Legislature, which is dominated by fiscal conservatives, is not expected to support attempts to raise taxes to fill the multibillion-dollar hole. But social service advocates say the state's safety net system can't afford any further budget cuts.
http://www.businessweek.com/news/20...-faces-record-budget-gap-on-revenue-drop.html
Texas’s Perry Faces Record Budget Gap on Revenue Drop
January 11, 2011, 10:31 AM EST
By David Mildenberg
Jan. 11 (Bloomberg) -- Governor Rick Perry, after touting Texas’s growth while holding down taxes and spending, faces the biggest two-year budget gap in state history and a challenge some compare to the 1980s, when an oil bust roiled the economy.
Texas’s revenue will fall 2.9 percent to $72.2 billion in the two-year fiscal period that begins Sept. 1 compared with the biennium ending in August, state Comptroller Susan Combs said yesterday in Austin. She said the state also faces a $4.3 billion deficit that must be closed by the end of August.
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