A Texas-Sized Budget Problem Deferred — to Now

The 2006 tax swap — lowering local school property taxes and creating a new state business tax to make up the difference — is at the center of the state’s current budget troubles. It was never an even swap, and the architects are still pointing fingers over what and whom to blame for the “structural deficit” in state finances.

Then-Comptroller Carole Keeton Strayhorn told lawmakers at the time that the package of bills didn’t balance. But it was easy to dismiss her concerns because Strayhorn, a brash and ambitious Republican, was also campaigning as an independent for governor against Rick ...

Full Story

Comment Policy

The Texas Tribune is pleased to provide the opportunity for you to share your observations about this story. We encourage lively debate on the issues of the day, but we ask that you refrain from using profanity or other offensive speech, engaging in personal attacks or name-calling, posting advertising, or wandering away from the topic at hand. To comment, you must be a registered user of the Tribune, and your real name will be displayed. Thanks for taking time to offer your thoughts.

You must be logged in to leave a comment. Login | Sign-Up

Sign Up for The Brief

Our daily news summary