Tribpedia: Economy

With a civilian labor force of more than 12 million and a gross state product of $1.22 trillion in 2008, Texas has the second largest economy in the United States and the 15th largest in the world. The Federal Reserve Bank of Dallas is one of many agencies that keeps track. The state comptroller stays up with key statistics.

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.

Analysis: A Distinctive Push for Business Tax Repeal

As lawmakers debate what kinds of tax cuts they like best, and voters point at property taxes as their favorite, a national conservative group is starting a grassroots campaign to promote repeal of the state's business margins tax. 

Senators Jane Nelson, R-Flower Mound, Juan Hinojosa, D-McAllen and Craig Estes, R-Wichita Falls, listen to DPS Director Steve McCraw testify Dec. 1, 2014 at the Legislative Budget Board meeting at the State Capitol.
Senators Jane Nelson, R-Flower Mound, Juan Hinojosa, D-McAllen and Craig Estes, R-Wichita Falls, listen to DPS Director Steve McCraw testify Dec. 1, 2014 at the Legislative Budget Board meeting at the State Capitol.

Senate Tax Cut Plan Draws Criticism

There's a lot of ways you can spend $4.6 billion in tax cuts, and the Senate Finance Committee learned Wednesday that a wide range of special interest groups think the current proposal could use some work.

Elon Musk, the CEO and of SpaceX and Tesla Motors, spoke at the Texas Transportation Forum in Austin on Jan. 15, 2015.
Elon Musk, the CEO and of SpaceX and Tesla Motors, spoke at the Texas Transportation Forum in Austin on Jan. 15, 2015.

Musk: Texas a "Leading Candidate" for Hyperloop Track

Entrepreneur Elon Musk said Thursday that Texas is in the driver's seat for a test track for a transportation system known as the Hyperloop. He also said that a SpaceX facility wouldn't have been built in Texas without economic incentives.

Keller ISD Superintendent Randy Reid spoke during an Aug. 11, 2014, town hall meeting, where attendees debated whether to put a $175 million bond up to Keller ISD voters in the general election.
Keller ISD Superintendent Randy Reid spoke during an Aug. 11, 2014, town hall meeting, where attendees debated whether to put a $175 million bond up to Keller ISD voters in the general election.

Series: Bypassed by the Miracle

Check out Bypassed by the Miracle, our seven-part series on the people and communities that have missed out on Texas' economic success or are finding that it comes at a price. You can also read our related Falling Behind and Hurting For Work series.

Local Debt Explorer

Texas counties, cities and school districts have more than $100 billion in debt that's backed by a pledge of local property taxes. Across Texas over the last decade, the total amount of outstanding local debt has grown faster than the state's population. Use our Local Debt Explorer to find out how much tax-supported debt is held in your community.

NASA administrator Charles Bolden, right, shows off the Dragon spacecraft as SpaceX CEO Elon Musk, left, listens in McGregor, TX on June 13, 2012.
NASA administrator Charles Bolden, right, shows off the Dragon spacecraft as SpaceX CEO Elon Musk, left, listens in McGregor, TX on June 13, 2012.

Locals Hope SpaceX Will Launch South Texas Economy

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Private aerospace company SpaceX has received a preliminary green light from the FAA for a launch site in the southern tip of Texas. Some in Brownsville are over the moon about the economic windfall it could bring. Communities in South Texas have been courting SpaceX for three years.

The Austin headquarters of Dulce Vida Spirits, a tequila producer that's making inroads in China.
The Austin headquarters of Dulce Vida Spirits, a tequila producer that's making inroads in China.

China's Embrace of Tequila Affects TX, Mexican Markets

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International negotiations that have lifted a longtime ban on tequila in China — the largest and fastest-growing market for alcohol of all kinds — will have big implications for Mexico, and are likely to benefit fledgling producers in Texas, too. Some local companies are already getting in on the action. 

Interactive: Gender Wage Gaps in State Agencies

At dozens of Texas state agencies, male workers are better compensated than female workers, on average. Use our interactive to compare compensation by gender at state agencies with at least 100 employees, excluding universities, and to see the difference between the annual average compensation for an agency’s male employees and its female employees.

 

The rate of Texas children living in poverty from 2000 to 2011 grew faster than the growth rate of the child population in the state during the same period.
The rate of Texas children living in poverty from 2000 to 2011 grew faster than the growth rate of the child population in the state during the same period.

Report: Child Poverty Increases in Texas

In rapidly growing Texas, which is home to one in 11 children in the United States, child poverty has continued to increase despite an improving economy, according to a report released Tuesday. There was a 47 percent increase in the rate of Texas children living in poverty from 2000 to 2011, according to the Texas Kids Count report.

Interactive: Child Poverty by County

In fast-growing Texas, home to one in 11 children in the United States, child poverty has continued to increase despite an improving economy. Use this interactive to see which Texas counties have the highest rates of child poverty and unemployment, and to see which counties have the highest raw numbers of children in poverty or people who are unemployed.