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Abbott Signs Higher Ed Bill Ending Fund Touted by Perry

Gov. Greg Abbott signs several higher education related bills into law on June 4, 2015. He also praised state Sen. Judith Zaffirini, left, for her work in the most recent legislative session on education issues.
Gov. Greg Abbott signs several higher education related bills into law on June 4, 2015. He also praised state Sen. Judith Zaffirini, left, for her work in the most recent legislative session on education issues.

Gov. Greg Abbott signed a bill Thursday that eliminates a controversial startup investment fund long touted by his predecessor, Rick Perry. The legislation directs much of the fund's money to a new researcher recruitment effort.

Effort to Tighten Spending Cap Dies

(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.
(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.

The state’s constitutional spending cap will remain untouched this session, and House and Senate leaders are blaming each other for the lack of action on the arcane but politically important measure.

House Sends Franchise Tax Cut to Abbott

(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.
(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.

Defusing Gov. Greg Abbott’s first public veto threat, lawmakers sent a bill cutting the business franchise tax to his desk Thursday. The House also sent Abbott a bill plugging holes in the 2014-15 budget.