Shale Boom Has Major Impact on Texas' Budget

The impact of the recent boom in shale drilling is hard to miss in some remote Texas towns, where hotels and homebuilders scramble to keep up with the influx of oil and gas workers.

But the most significant effect from the boom may be seen in the state’s coffers. Taxes on oil and gas production have soared past estimates from the state’s comptroller’s office for fiscal 2012. And with production expected to continue to rise over the next several years, the economic benefits will continue.

James LeBas, a fiscal consultant who also works as a lobbyist for ...

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