The latest economy news from The Texas Tribune.
Comptroller Susan Combs' quiet acknowledgment that Texas will show a $1.3 billion deficit at the end of the budget year contrasts with the happy face she's put on state finances leading up to the 2010 elections. The numbers are the worst since 2003, when the Legislature responded with $10 billion in spending cuts, and increased fees, tuition and other revenue sources. Full Story
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Gov. Rick Perry and his Democratic challenger, Bill White, appeared on the same stage in Austin on Thursday. But anyone itching for a debate between the two was disappointed. The candidates were separated on the schedule by other speakers and were never even in the room at the same time. Ben Philpott of KUT News and the Tribune filed this report. Full Story
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The U.S. House has passed a bill on Tuesday that is expected to send about $800 million to bolster the state’s education budget. But thanks to an amendment added by U.S. Rep. Lloyd Doggett, D-Austin, the funding comes with Texas-specific strings attached. Ben Philpott of KUT News and the Tribune has this report. Full Story
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As the nation’s unemployment rate hovers around 9.5 percent, the jobless are hardest hit by the poor economy. But as Mose Buchele of KUT News reports, the stress of working through the downturn is also taking a toll on those who have jobs. Full Story
Democratic gubernatorial candidate Bill White is calling for an independent audit of Texas Enterprise Fund grants after documents showed the governor's office offered $2.5 million in state subsidies to Sino Swearingen, a company founded by Doug Jaffe. Jaffe is one of two partners involved in a controversial land deal that netted Perry a $500,000 profit. Full Story
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Depending on whom you ask, anywhere between 100,000 to half a million Juarenses have left Mexico since drug violence exploded in 2008. In a tragic irony, neighboring El Paso is flourishing economically as Juárez descends further into terror. Full Story
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It was more like a bidding auction today than a meeting of the Texas House Committee on Licensing and Regulation. Gambling advocates packed into three Capitol hearing rooms, and threw out number after number as they asked legislators — yet again — to consider the benefits of more gaming in Texas. Full Story
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A new political action committee is attacking Gov. Rick Perry with a television ad playing on a familiar theme: Perry's high-class living. The ad starts airing tonight in markets across Texas. Full Story
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While the right and left don't agree on much, both sides stipulate that the state's budget mess is a multibillion-dollar problem. In the debut of our new video series, the executive director of the progressive Center for Public Policy Priorities, former state district judge Scott McCown, and the director of the Center for Fiscal Policy at the conservative Texas Public Policy Foundation, former state Rep. Talmadge Heflin, debate the best way to dig us out of the hole — and how we got into it in the first place. Full Story
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The executive director of the progressive Center for Public Policy Priorities and the director of the Center for Fiscal Policy at the conservative Texas Public Policy Foundation, debate the best way to dig out of Texas' multi-billion-dollar budget shortfall. Full Story
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Ramshaw and the Houston Chronicle's Terri Langford on incidents of abuse and mistreatment at residential treatment centers, M. Smith on the state Republican Party platform and 10th Amendment embracers, Galbraith on a pipeline project raising crude concerns and the most important word in water law, Ramsey on former officeholders who are now lobbyists and the possibility of a speaker's race, Grissom on a fight over solar power in Marfa, Hamilton and Aguilar on the TxDOT audit, Philpott on budget cuts affecting school districts and my conversation with Dallas County D.A. Craig Watkins: The best of our best from June 7-11, 2010. Full Story
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Lawmakers have said it before, and today they said it again: Sweeping top-down change is needed within the Texas Department of Transportation. Full Story
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Citing budget cuts and a decline is revenue, the USCIS is proposing fee increases for more than two dozen immigration-related documents. Full Story
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The state's tax on corporations could end up half a billion dollars shy of Comptroller Susan Combs' predictions, officials with her office say. Full Story
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Fresh off of asking for five percent cuts from state agencies and actually approving $1.2 billion of what was proposed, the state's top three leaders are asking for ten percent cuts in the amounts the agencies will be seeking next time the Legislature meets. Full Story
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A majority of Texans believe the state is on the right track, while a plurality thinks the country is on the wrong track, according to a new University of Texas/Texas Tribune Poll. Full Story
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A new Rasmussen Reports poll finds that 57 percent of Texans favor legalizing casino gambling as a means to draw down the coming budget shortfall, but only 21 percent support higher taxes. Full Story
More than two-thirds of Texans say their confidence in the state's public schools ranges from shaky to nonexistent, according to the new University of Texas/Texas Tribune poll. A majority of Texans believe that crime, low academic standards, lack of parental involvement and not enough funding are "major" problems that public schools face — but two-thirds say "too much religion in the schools" is not a problem. Full Story
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Coming soon to a large pink state capitol building in this very state: A day-long seminar on slot machines and casinos and all that, especially as it pertains to the state budget. Full Story
The latest employment numbers show that more Texans than ever before have jobs, but the state is still struggling with its highest unemployment rate since 1987. Ben Philpott of KUT News and the Tribune reports on the good and bad news in the latest stats. Full Story
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