TX Budget Committee Chair Predicts $18 Bil Hole

New projections show the upcoming state budget shortfall will be bigger than many expected.

The Legislative Budget Board’s assistant director Wayne Pulver told House budget writers this morning that they could start the next legislative session in a $15 to $18 billion budget hole.

“You’re looking at the – essentially 11 or so billion in use of one time revenues if you will – if the federal money doesn’t reoccur.  Plus the cost pressures.  Plus revenue perhaps not coming in as previously estimated.  So that’s a number that has been out there. And that’s a reasonable number ...

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