Senate Finance Approves $195.5 Billion Budget

The 15 members of the Senate Finance Committee unanimously voted on Wednesday for a $195.5 billion two-year budget that undoes some of the cuts from the 2011 legislative session. 

The budget, which now heads to the full Senate, is 2.9 percent higher than the estimated size of the current two-year budget, which is $189.9 billion after factoring in extra spending lawmakers are expected to approve later this session.

Senate Bill 1 spends $94.1 billion in general revenue, the portion of the budget lawmakers have the most control over. That’s an extra $6.7 billion over ...

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