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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Sen Tommy Williams, R-The Woodlands, negotiates with a group of Senators including Sen. John Whitmire, D-Houston on SB 213 a prison healthcare measure on April 2, 2013.
Sen Tommy Williams, R-The Woodlands, negotiates with a group of Senators including Sen. John Whitmire, D-Houston on SB 213 a prison healthcare measure on April 2, 2013.

Texas House, Senate Negotiators Reach Deal on Budget

After days of negotiations, House and Senate representatives agreed to a budget plan that would add roughly $4 billion in extra funding for public education. It also paves the way for a $2 billion fund for water infrastructure projects.

House Appropriations Committee chairman Jim Pitts, l, R-Waxahachie, and Rep. Sylvester Turner, D-Houston, at the early morning meeting on May 17, 2013.
House Appropriations Committee chairman Jim Pitts, l, R-Waxahachie, and Rep. Sylvester Turner, D-Houston, at the early morning meeting on May 17, 2013.

House Democrats: Budget Deal Still Not in Place

UPDATED: Half a day after Senate budget leaders said the contours of a budget deal were in place, confusion and uncertainty reigned in the Capitol as key negotiators argued over competing proposals.

 

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

A Well-Timed Budget Note From the Attorney General

Texas Weekly

Greg Abbott’s letter doesn’t have any new information in it, but the timing takes away what some — probably those further from the budget conversations than closer — saw as a possible solution for the Legislature’s financial logjam.

The crowded House floor during debate on SB 1 April 4, 2013.
The crowded House floor during debate on SB 1 April 4, 2013.

Texas House OKs R&D Tax Credit

A $250 million franchise and sales tax exemption for business research and development won tentative approval from the House on Wednesday. A similar exemption expired in 2006. 

Statte Rep. John Otto, R-Dayton, explains an education funding amendment to SB 1 while House sponsor Chairman Jim Pitts, R-Waxahachie, talks with state Rep. Eddie Rodriguez, D-Austin, on April 4, 2013.
Statte Rep. John Otto, R-Dayton, explains an education funding amendment to SB 1 while House sponsor Chairman Jim Pitts, R-Waxahachie, talks with state Rep. Eddie Rodriguez, D-Austin, on April 4, 2013.

House Votes to Reduce Reliance on Budget Diversions

House members on Wednesday passed two bills that take aim at the practice of budget diversions, in which fees collected for specific purposes are used in another manner. The measures now go to the Senate.

Sen. Tommy Williams, R-The Woodlands, answers questions on SB 1 the state budget during debate on March 20, 2013.
Sen. Tommy Williams, R-The Woodlands, answers questions on SB 1 the state budget during debate on March 20, 2013.

Guest Column: Let Voters Decide on Rainy Day Spending

The best way to finance Texas' pressing water and transportation needs — and to supplement spending on public education — is to let voters decide whether to use the state's Rainy Day Fund.

A worker waits to load a piece of pipe, or casing, that will be lowered into the well at a Chesapeake Energy drill site in Dimmit County, Texas in the Eagle Ford Shale.
A worker waits to load a piece of pipe, or casing, that will be lowered into the well at a Chesapeake Energy drill site in Dimmit County, Texas in the Eagle Ford Shale.

Shale Boom Has Major Impact on Texas' Budget

Besides boosting the economies of remote towns, the shale boom has big implications for the Texas economy and budget. Already, taxes on oil and gas production have soared above the comptroller’s estimates.