State Leaders Adopt Spending Cap for 2014-15 Budget
The Legislative Budget Board voted Thursday morning to cap the state’s spending growth rate at 10.71 percent for the next two-year budget, while Republican leaders in the Senate signaled plans to fight for a budget with spending even lower than that.
The Texas Constitution states that nondedicated spending can’t grow by more than the growth in the state’s economy, but it doesn’t spell out how to measure that growth. State lawmakers have long relied on estimates of growth in Texans’ personal income.
LBB staff presented the board with five forecasts of 2014-15 Texas personal income ...
Comments (4)
Stuart Greenfield
fortunately, the base they apply the growth rate to will increase substantially, http://www.texasfiscal.info .
Meme Me
Thank goodness the tax and spenders don't run Texas...
We'd be just like California
Christine Lund
With so many people moving here, how can you expect ot cap anything? Especially since the healthcare in this state is the worst. We have the best medical center here but it takes months to get an appointment. After calling for months just to make the appointment. In a state where there are at least a million tip employees, most with no insurance, how can you even imagine the costs will go down? Wake up and smell the coffee. If you want cheap help, you can't be killing them off so quickly.
Reda Cavender
How can an economy "grow" when its citizens can't grow? Economic growth must be integrated with intellectual growth, with moral growth, with cultural growth and all of these things lead to individual growth of each citizen. Only then can an individual grow into a more valuable part of society.