Tribpedia: Economy

Tribpedia

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.

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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. 

Perry, Some Lawmakers Want State's Gold Back in Texas

Call it the Rick Perry gold rush: The governor wants to bring the state’s gold reserves back from a New York vault to Texas. And he may have legislative support to do it. Freshman Rep. Giovanni Capriglione, R-Southlake, is carrying a bill that would establish the Texas Bullion Depository — a secure state-based bank to house Texas' precious metals.

 

 

Texas Comptroller Susan Combs, citing a robust economy,  releases the Biennial Revenue Estimate showing that the state is projected to have over $100 billion available for spending in the next biennium.
Texas Comptroller Susan Combs, citing a robust economy, releases the Biennial Revenue Estimate showing that the state is projected to have over $100 billion available for spending in the next biennium.

Dire Budget Estimate Fit Well With Prevailing Politics

The two-year-old revenue forecast used to justify cuts in the current state budget was wrong — and not by a little bit. But the Legislature elected in a conservative sweep in 2010 was in the mood to cut. That's why Comptroller Susan Combs isn't getting much heat for the goof.

Tax Incentives Could Prove Divisive For GOP

Texas Weekly

Republican leaders like to say government should just get out of the way and let the private sector do work its unfettered magic. But during the session, they may have a hard time squaring their stated philosophy with their support for tax giveaways to private industry.

F1 Drivers Set to Start Their Engines in Austin

Austin will be the epicenter of the auto racing world this month when its new, $400 million track — the Circuit of the Americas — hosts the first Formula One race in the United States since 2007. The city known for its hip counterculture may not be the first place you'd think of to host an F1 race, but planners are ready to prove they're up to the task.

U.S.-Panama Trade Pact Brings Hope, Controversy

A free trade agreement between the U.S. and Panama takes effect Wednesday, bringing with it the controversy over jobs and taxes that is associated with all tariff-reducing agreements. Proponents promise a possible boon to the Texas economy. Opponents argue it is a job-killer that creates tax loopholes for major companies. 

UT/TT Poll: Economy, Immigration Top Texas Issues

Economic issues top the list of most important problems facing the country, and immigration and border security top the list of state issues in the University of Texas/Texas Tribune Poll. The state's voters are permissive when it comes to same-sex unions, strict when it comes to voting rights, and have complicated views on immigration, education and state spending.

Construction workers for the Mexican contracting company Coconao work on a segment of the new rail bridge that stands over the Rio Grande.
Construction workers for the Mexican contracting company Coconao work on a segment of the new rail bridge that stands over the Rio Grande.

Border Welcomes First Rail Line in More Than a Century

It has been more than 100 years since Texas and Mexico witnessed the construction of a new railroad line that spans both countries. That streak will end this year as officials on both sides of the Rio Grande expect that by December, a new rail line will be completed in Cameron County. Officials say it can only help the Laredo Customs Trade maintain its title as the nation's largest inland port.

Interactive: Measuring the Gender Wage Gap in Texas

Women in Texas made 70 cents for every $1 that men made in 2011, according to the U.S. Census Bureau's American Community Survey. This interactive examines the gender wage gap in Texas by showing the number of men and women in each income bracket and median wages for men and women by industry and region.

September 14th, 2012: Texas Gov. Rick Perry with Colorado Gov. John Hickenlooper, discuss economic development at the Devner Metro Chamber Leadership Foundation's 2012 Leadership Exchange in Austin, Texas
September 14th, 2012: Texas Gov. Rick Perry with Colorado Gov. John Hickenlooper, discuss economic development at the Devner Metro Chamber Leadership Foundation's 2012 Leadership Exchange in Austin, Texas

Guvs From Rival Parties and States Find Common Ground

At a time of bitter partisanship and fierce political competition, Republican Gov. Rick Perry and his Democratic counterpart from Colorado, Gov. John Hickenlooper, found rare common ground Friday at a meeting about economic development strategies.

Report: Mass Deportation Could Cost Texas Billions

A new study by the Center for American Progress shows that in Texas alone, there would be a $14.5 billion loss in tax revenue if illegal immigrants living in the state were to leave, about 7.6 percent of the total tax revenue. The center said the purpose of the study was to provide a “shock analysis” — showing in black-and-white terms what the effects of hardline deportation policies could be.

State's Economic Forecast a Mixed Bag

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The comptroller's office announced Friday in its latest financial update that while the state will have more money in its coffers than previously thought, uncertainty about global economic strains could hurt Texas' two main money makers: energy and exports.