Tag Archives: rainy day fund

Turns out a little budget flexibility is a good thing

Some lessons have to be learned the hard way. More than a year after Texas voters approved routing billions in state sales taxes to roads and bridges, some lawmakers are questioning whether the first payment of $5 billion should move … Continue reading

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Lawsuits and low oil prices

Both are threatening the next Texas budget. Last week, lawyers for the state of Texas got the latest in a string of bad legal news. A lawsuit challenging the state’s foster care system as inhumane appeared to gain steam when … Continue reading

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Tighter spending cap defeated

I consider this to be a victory. The state’s constitutional spending cap will remain untouched this session, and House and Senate leaders are blaming each other for the lack of action on the arcane but politically important measure. Senate Republicans … Continue reading

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Just a reminder, we still need to use less water

In particular, we need to water our lawns less. Even Texans with the greenest of lawns water them too much, many landscape experts say. And if everyone would turn on the sprinklers only twice a week — still probably more … Continue reading

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Voodoo economics

Also known as Dan Patrick’s budgetary contortions. Lt. Gov. Dan Patrick, joined by the Texas Senate’s lead budget writers, announced “a new bold proposal” Wednesday morning to allow lawmakers to cut property taxes and pay down the state’s debt without … Continue reading

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Hegar’s first revenue estimate is in

We’ll see how it holds up. Amid concerns that tumbling oil prices could push the Texas economy into a recession, Comptroller Glenn Hegar offered a cautiously optimistic tone on the future of the Texas economy Monday, announcing that lawmakers will … Continue reading

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Three signs of possible trouble ahead

#1 – Watch out for falling oil prices. The bedrock supporting Houston’s economy will shift in 2015, and while these tremors will not bring disaster, they will bring changes that some will find painful. The collapse of oil prices in … Continue reading

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The inadequacy of Prop 1

Better than nothing, but not by much. The campaign to steer state reserve funds to road projects is not being waged with yard signs and televised debates but, rather, with chamber of commerce lunches and a smattering of direct mailings. … Continue reading

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We need to take better care of our water

We lose way too much of it because our infrastructure is old and in need of replacement. At a time when the Lone Star State is facing a grave water shortage and its population is expected to double by 2060, … Continue reading

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There are no new ideas, but there are plenty of bad ideas

There’s so much wrong with what Greg Abbott wants for Texas that it’s hard to know where to begin. In his first major policy address as a gubernatorial candidate, Attorney General Greg Abbott proposed tighter constitutional limits on state spending … Continue reading

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The water campaign begins

The most high profile constitutional amendment now has a campaign behind it. Supporters are laying the groundwork for an aggressive effort to educate voters and drown out opposition with roughly one month before early voting starts. A coalition of political … Continue reading

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Meet your Constitutional amendments

The Trib runs down the nine proposed constitutional amendments that will be on the ballot this November. First on the ballot will be HJR 62, by state Rep. Chris Turner, D-Grand Prairie, which would authorize the Legislature to provide a property tax exemption for the … Continue reading

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And that’s a wrap on Special Session 3

Hallelujah. The Texas Legislature adjourned its third special session since May on Monday night after passing a measure estimated to increase transportation funding by $1.2 billion annually if Texas voters approve it next year. “Let’s adjourn this mutha,” said state … Continue reading

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Yeah, they’re still working on a transportation funding bill

The committee hearings will continue until morale improves. After consulting with members from both the House and Senate, state Rep. Joe Pickett decided to make some minor changes to his latest transportation funding proposal. On Thursday — the third day … Continue reading

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Maybe the same failed approach will work this time

It could happen, right? Transportation experts now estimate that the state needs $5billion a year to keep Texas moving. The proposal that fell apart in the House this week would add less than a billion annually. And after months of … Continue reading

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Special Session 3: Beyond Thunderdome

Beyond ridiculous, if you ask me, not that they did. Standing before mostly empty chairs in the 150-member Texas House on Tuesday, House Speaker Joe Straus adjourned the second special session and announced that Gov. Rick Perry would be calling … Continue reading

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Transportation deal dies

Technically, it’s not dead till sine die, but it sure is on life support. A compromise plan to spend $848 million on Texas highways just landed in a ditch. House members voted down a plan to split oil and gas … Continue reading

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Transportation funding deal completed

All over but for the voting. House and Senate leaders reached final agreement Saturday afternoon on how to protect the state’s rainy day fund as they propose to shift half of future rainy day dollars into roads, according to an … Continue reading

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Lege may have found a way on transportation funding

As of Thursday, Special Session 3: Beyond Thunderdome was looming. Both chambers of the Legislature were filled with activity Thursday afternoon but they ended up essentially where they had started: waiting on House and Senate negotiators to come up with … Continue reading

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Transportation bill heads to conference committee

There’s still that fundamental disagreement in approach to be worked out somehow. Representatives from the House and Senate are preparing to spend the next week informally negotiating a compromise proposal to boost funding for the Texas Department of Transportation, with … Continue reading

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House passes different transportation bill than the Senate passed

Our endless summer of special sessions isn’t over yet. The Texas House on Thursday gave final passage to a measure to boost funding for transportation projects, though few members expect it to survive the Senate without significant changes. After more … Continue reading

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Senate passes non-abortion bills, committee passes HB2

The decks are cleared on the Senate side for the main event. In a speedy Thursday morning meeting with little debate, the upper chamber passed Senate Bill 2 with a 30-1 vote, allowing Texas judges and juries to sentence 17-year-olds … Continue reading

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Elsewhere in the House

No action on transportation yet. House budget writers on Tuesday ended a hearing on transportation funding with no clear decision about how to raise money for Texas roads. The House Appropriations Committee is considering several proposals to see which has … Continue reading

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Last redistricting bill passes Senate, House debates abortion bills

It was destiny. The Texas Senate on Sunday wrapped up final redistricting loose ends by concurring with changes made by the House to political boundaries for the lower chamber. In an 18-11 vote, the Senate signed off on a series … Continue reading

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Transportation funding advances

Between redistricting and abortion, transportation funding has taken a bit of a back seat in the special session despite being the first additional item on the agenda. The Senate took the first step on that yesterday. Despite concerns raised by … Continue reading

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Even Rick Perry thinks the slash and burn crowd is nuts

Insert pithy quote about reaping and sowing here. Gov. Rick Perry shot back Monday at conservative critics who say the state budget is growing too fast, offering the clearest signal yet that he plans to sign the two-year, $197 billion … Continue reading

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Opposition gearing up for the water fund amendment

The legislation to create a state water infrastructure fund, and the joint resolution that authorized tapping the Rainy Day Fund for up to $2 billion to seed it, had a rocky road in the legislature and wasn’t completed until the … Continue reading

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Transportation funding shouldn’t be intractable

As previously noted, Sens. Tommy Williams and Robert Nichols want to take another crack at finding additional funds for transportation. The problem, as always, is political

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Calling to add to the call

The special session is just a day old, and already legislators are lining up to extend its agenda to cover things that didn’t get done during regulation time. Senate Finance Chairman Tommy Williams, R-The Woodlands, and Senate Transportation Chairman Robert … Continue reading

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Perry works against his own stated interests

I don’t understand this at all. A bill that would have increased vehicle registration fees to raise money for transportation projects met its demise in the Texas House on Thursday. House Bill 3664 by state Rep. Drew Darby, R-San Angelo, … Continue reading

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Water, water, not so fast

So much for that. A major bill on the top of Gov. Rick Perry’s priority list that would authorize spending billions of dollars on state water projects faltered in the Texas House on Monday night after a contentious debate over … Continue reading

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Senate officially taps the Rainy Day Fund

Well done. Texas senators hammered out a sweeping deal to increase state funding for water and transportation projects and schools on Tuesday, tackling some of the thorniest issues of the legislative session all at once. The senators voted 31-0 for … Continue reading

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It’s always time for a tax cut

I have three things to say about this: With less than two months remaining in the 83rd legislative session, Gov. Rick Perry on Monday called on state lawmakers to find $1.6 billion to give Texas businesses relief from the state’s … Continue reading

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Still arguing about road funding

I still don’t quite get why the obvious solution is so blithely dismissed. With most of the work of developing a state budget behind them, lawmakers can now drill deeper into the state’s spending plan to find a way to … Continue reading

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