Tag Archives: surplus

The state spending cap is a stupid idea

And the Republicans want to make it worse. Texas Senate leaders on Tuesday announced another round of efforts to change the way the state determines its two-year spending limit, and keep tax cuts from counting toward the constitutional cap on … 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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Abbott denies his pre-k plan means standardized testing for 4-year-olds

Glad we cleared that up. After questions were raised about language in a policy proposal that appears to call for the biannual testing of pre-kindergarten students, Republican gubernatorial candidate Greg Abbott’s campaign is clarifying his early education plan, saying he is … Continue reading

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More details on the House budget

Consider this to be written in pencil, because it’s going to change. More than $1.6 billion and disagreements on how much Texas should spend on public education and Medicaid separate the budgets proposed by the House and Senate. The Senate … Continue reading

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Senate committee restores some money to public education

Emphasis on the “some”. Texas public schools would get back a chunk of the $5.4 billion in state funding they lost two years ago under a budget proposal adopted by the Senate Finance Committee on Thursday. But they probably should … Continue reading

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Another reason why spending caps are a bad idea

There are many reasons why, but this is one we haven’t encountered before. Several political observers well-versed in the state’s finances say that lawmakers could hit the state’s spending limit this session, complicating efforts to access the $11.8 billion in … Continue reading

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Here come the tax cut proposals

When the sunny revenue forecast came in, we immediately got one crappy tax cut idea, to eliminate the margins tax at a cost of $4.5 billion. The Texas Association of Business didn’t care for the idea, at least at first, … Continue reading

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Meet the new budget

Same as the old budget. Republican leaders in both chambers of the Legislature on Monday offered spare first drafts of the state’s next two-year budget that continue $5.4 billion in cuts to public education made last session and freeze funding … Continue reading

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The revenue estimate is in

And under normal circumstances it would be very good news. Texas Comptroller Susan Combs, laying out the parameters for state spending on the eve of the legislative session, said Monday that the rebounding Texas economy gives lawmakers $8.8 billion unallocated … Continue reading

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The budget mess that awaits the next Governor

We already know that the next Legislative session will be a whole lot of no fun thanks to declining revenue estimates and our structural deficits. Here’s a further illustration of the problem. The current state budget is financed with $12 … Continue reading

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