Combs: State Revenues Higher Than Expected
The state's finances are in better shape than previously believed, with a new projection showing $1.6 billion more than lawmakers expected for the 2012-2013 biennium, even after the state covers part of the its Medicaid shortfall and restores some cuts to state agencies and universities.
Comptroller Susan Combs, in her certified revenue estimate, told the governor and legislative leaders that sales and motor vehicle sales taxes rose strongly. Those increases, along with a rise in severance tax revenues, are driving higher state revenues.
"The recent national recession is over and the economy is once again expanding," Combs wrote ...
Comments (19)
Kay Miller via Texas Tribune on Facebook
What else would we expect from us Texans~!
Blamegirl Says via Texas Tribune on Facebook
Who's to blame? By the way she said national recession Kay.
Renee E. Babcock via Texas Tribune on Facebook
I'm sceptical. Let's see some longterm growth, including in jobs (because Texas lost a lot of jobs this summer, leading to higher unrmployment than the national average), and maybe I'll believe.
Renee E. Babcock via Texas Tribune on Facebook
I'm sceptical. Let's see some longterm growth, including in jobs (because Texas lost a lot of jobs this summer, leading to higher unemployment than the national average), and maybe I'll believe.
Steven Kite via Texas Tribune on Facebook
And Let Them Eat Cake.
Richard Salvucci via Texas Tribune on Facebook
Right
Lisa Crider via Texas Tribune on Facebook
Great. Just too late.
Bill Smith
Can she be trusted to give realistic numbers without a political agenda? It is so hard to trust politicians these days.
Tim Tukaram Spotswood via Texas Tribune on Facebook
If the state has some money left over they can give it to the schools... yeah right.
Rick Canfield via Texas Tribune on Facebook
The recession is over, enter depression?
Allen Holden via Texas Tribune on Facebook
Being here in So Texas for the last 3 1/2 yrs I haven't seen nothing but growth and with the Eagle Ford work going on I think we are going to see a lot more.
Pete Rodriguez via Texas Tribune on Facebook
I hope those idiots in power don't use this excuse to leverage more tax cuts to corporations and loopholes for the rich, rather than investing on infrastructure and services
Marga Simmons via Texas Tribune on Facebook
As a teacher whose position was eliminated as a result of dire predictions by our elected officials I resent this projection announcement by Combs... they should have been more conservative in their doomsday bs that caused so many job losses. A day late and dollar short.
David Huang via Texas Tribune on Facebook
Surplus? YAY IT'S TAX CUTS TIEM!!!!!!!!!!!!
Bill Eaves via Texas Tribune on Facebook
Why did they raid the RDF? She did a poor job!
Gwin Grogan Grimes via Texas Tribune on Facebook
Typical: Politicians think if they tell lies often enough, it makes it true. This state ranks among the top in states in numbers of children with no health insurance, greatest numbers who have food insecurity and a whole host of poverty issues. Demand is way up at food banks. More and more professionals I know -- including teachers -- have lost or are losing jobs. What planet is this other Texas on? Because it's not my Texas. My Texas is suffering.
Karl Pallmeyer via Texas Tribune on Facebook
During the 2000 presidential race, W kept touting what great work he'd done as governor of Texas. Gore brought forth some figures showing that the Texas economy was in pretty sad shape. Then Comptroller Carole Keaton "Tough Grandma" Rylander Strayhorn Nash & Young came out with a bunch of numbers showing the state had spare cash pouring out of its various orifices. However, the next time the Texas Legislature convened, Grandma came forward and said something along the lines of, "Oh, I forgot to carry the 3; we're actually in the hole." It will be interesting to see what Combs says when it's time to give our schools some of the funds they've been shorted.
gypsy314 ne
I hope funding is cut ti illegal alien children so our children can have some programs restored.
Remember a vote for a democrat is a vote for Obama and homosexuals, illegal aliens and terrorist.
Bea McGuire via Texas Tribune on Facebook
Is it just me or does this strange bit of information from the Comptrollers Office seem like a little fib just to boost Perrys' spot in the polls? Because MY pocketbook still feels like we're in a recession.....and I'm sure a few teachers standing on the unemployment line would agree with me.