Tribpedia: Budget

Tribpedia

The Texas Constitution requires the Legislature to balance its budget every year without borrowing against future receipts. That bars the government from deficit spending and forces lawmakers, who meet for 20 weeks every two years, to constantly balance demands for programs and services against voters' desire to limit taxes, fees and other costs of government.

The Legislative Budget Board — a ...

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Comptroller Susan Combs’ office recently researched the accuracy of tax revenue estimates going back 40 years.
Comptroller Susan Combs’ office recently researched the accuracy of tax revenue estimates going back 40 years.

Comptroller Study Shows Difficulty of Predicting Future

The comptroller's office recently researched the accuracy of its two-year revenue estimates going back 40 years and five comptrollers. Comptroller Susan Combs' 2011 forecast, which underestimated state revenue by billions of dollars, has become an issue in this year's race to replace her.

Analysis: For Budget Cutters, It's Not About Revenue

All of the experts say the state has plenty of tax revenue coming in, thanks to the oil and gas industry and a thriving economy. Even so, lawmakers are asking state agencies to propose budget cuts before next year's legislative session. It's a normal exercise started in years when the state's revenues were in much worse shape.

Surplus Projections Ignite a Familiar Debate

With expectations that state lawmakers will have a budget surplus of several billion dollars, lawmakers, activists and business groups are already discussing what to do with the money. While some are arguing for tax relief, others say the state has unmet needs in transportation and education that need to be addressed.

Some officeholders have raised the idea of replacing Texas' property tax with a larger sales tax. But that could create some new fiscal challenges.
Some officeholders have raised the idea of replacing Texas' property tax with a larger sales tax. But that could create some new fiscal challenges.

Sales Tax Plan Would Redefine School District Wealth

Replacing property taxes in Texas with sales taxes sounds simple, but would have huge consequences for the state's school districts and for other governments whose local control goes along with their property taxes. In politics, nothing is as simple as it sounds.

A damaged portion of the IH 37 frontage road, south of  FM 99 in Live Oak County, Texas on Friday, August 16, 2013. The road is on a list of roads that the Texas Department of Transportation has announced will be converted to gravel because the agency lacks funds to keep them maintained at a safe level.
A damaged portion of the IH 37 frontage road, south of FM 99 in Live Oak County, Texas on Friday, August 16, 2013. The road is on a list of roads that the Texas Department of Transportation has announced will be converted to gravel because the agency lacks funds to keep them maintained at a safe level.

Graveling Over Visible — and Invisible — Funding Holes

The state's proposal to convert some paved roads back to gravel has invisible counterparts in other areas of the state budget. But roads are right there, every day with all their potholes, construction projects and worsening traffic jams as more people flow into Texas. That visibility makes a difference.

The Economic Debate Behind the Political Debate

This summer’s debate on abortion restrictions turned entirely on politics. It wasn’t about money. But the state's abortion and health care policies intersect in the budget — even though that might not always be part of the debate — and the budget is where the impact of decisions on abortion and Medicaid will be revealed.

Gov. Rick Perry and Lt. Gov. David Dewhurst answer questions from the media after a series of education bill signings on June 10, 2013.
Gov. Rick Perry and Lt. Gov. David Dewhurst answer questions from the media after a series of education bill signings on June 10, 2013.

Amid Criticism, Perry Defends State Budget

Gov. Rick Perry is pushing back against  conservative critics who say the state budget is growing too fast. Perry is still analyzing the legislation, but his strong defense of it was the clearest signal yet that he plans to sign the two-year, $197 billion appropriations bill into law.

TribLive at the Austin Club featuring State Rep. Jim Pitts and Sen. Tommy Williams  on financial issues facing the 83rd Texas Legislature.
TribLive at the Austin Club featuring State Rep. Jim Pitts and Sen. Tommy Williams on financial issues facing the 83rd Texas Legislature.

Senators Hope to Revive Plan to Fund Roads

A plan to fund Texas highway construction by diverting half of the money that currently feeds the state's Rainy Day Fund could find new life in a special session.

83rd Lege's Regular Session: What Happened, What Didn't

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Lawmakers raced to get several bills passed before the 83rd Legislature's regular session ended. And with Monday's announcement of a special session, their work isn't done. Here's a look at the deals reached and the measures that fell short in the regular session.