The latest economy news from The Texas Tribune.
After a chaotic day of stops and starts and private meetings, Texas lawmakers don't have a budget deal yet. Unless key pieces of legislation are passed soon, lawmakers are almost guaranteed to be back this summer for a special session. Full Story
/https://static.texastribune.org/media/files/900bb9c009b04ea50846acba9607ba92/BD%20INC%20Ogden%2006%202011)
Senate Finance Chair Steve Ogden, R-Bryan, says there is still no consensus on education funding or SB 1811, a revenue bill that would balance the state budget. Meanwhile, GOP members of the House left a caucus meeting without divulging details of what they discussed and then the House postponed consideration of two fiscal bills critical to the budget until tomorrow. "So, we're stuck," Ogden said. Full Story
/https://static.texastribune.org/media/videos/Ogden.png)
State reps will try to hang a grab bag of amendments onto Senate Bills 1811 and 1581 — two critical pieces of legislation the House takes up today that could determine whether a budget is passed and a special session averted. Click here for our liveblog of the action. Full Story
/https://static.texastribune.org/media/images/HouseChristmasTree.jpg)
As of Wednesday afternoon, two powerful budget figures differed on the status of the budget process. Full Story
/https://static.texastribune.org/media/files/c153540f5732964c2cc9470ddbd1d110/BD%20INC%20Ogden%201%202011)
If the House doesn't pass legislation that adds $2.6 billion to state revenue with a mix of delayed payments, increased penalties, government efficiencies and the like, the state budget won't balance and a special session will probably be required, House and Senate leaders said today. Full Story
/https://static.texastribune.org/media/files/e820d12277bcdffc18e5fbe00d009695/BD%20INC%20Dewhurst%2001%202011)
Comptroller Susan Combs added $1.2 billion to her estimate of state revenues, making that much more money available to budget writers who are scrambling for cash. She said the state's income is up. Full Story
/https://static.texastribune.org/media/files/b8ed19150a7fd85f8c8821b2c9d6480e/BD%20INC%20Combs%2003%20CMS%202011)
House and Senate negotiators have reached agreement on everything in the state budget except for public and higher education and a section of general provisions that can be used later to make sure the numbers in the budget balance. Full Story
/https://static.texastribune.org/media/files/fa41f6213e239b3a5b7adf866e290b3f/DO%20NOT%20USE%20Ogden%20Pitts%202011)
The Texas Senate approved a $3.97 billion draw on the state's Rainy Day Fund to cover a deficit of the same size in the current budget, but not before rejecting efforts to add on a larger amount to help balance the 2012-13 budget. Full Story
/https://static.texastribune.org/media/files/88523f72e0f668a5370e020c4c0f5047/BDINC%20Ogden%2002%202011)
The ideas on what to do with the state budget are getting weirder and weirder. Full Story
Aaronson on the latest attack on Planned Parenthood, Aguilar previews the sanctuary cities debate, Grissom on a death row inmate's unsuccessful appeal, Hamilton on the UT System's faculty "productivity" data dump, Philpott on the prospect of lawsuits over education cuts, Ramsey on puppies and other distractions, Ramshaw on a tobacco fight, my interview with the presidents of UT-Austin and Texas A&M, M. Smith on a former State Board of Ed member who may have violated state ethics law, Stiles interactively displays the effects of House redistricting and Tan on the Senate budget end game: The best of our best content from May 2 to 6, 2011. Full Story
/https://static.texastribune.org/media/images/Tribweek05042011.jpg)
No time to follow all the happenings of the Texas Legislature? We've made it easier for you with our weekly recaps of the action under the dome. Full Story
/https://static.texastribune.org/media/videos/capitol_with_statue__1.jpg)
The House is sending its five budget conferees — Reps. Jim Pitts, John Otto, Sylvester Turner, John Zerwas and Myra Crownover — off to negotiate with the Senate, but they want to tie their hands on certain issues, instructing them on what's acceptable to add, subtract or leave alone when they talk with the other side. Full Story
/https://static.texastribune.org/media/files/34218acc2ba624cbf7fb01790fad4aab/BD%20INC%20Pitts%2001%202011)
The Texas Senate passed a budget this week for the next biennium, but only after nearly suffering a meltdown. Senate Finance Chairman Steve Ogden has blamed some of the drama on the meddling of outside interest groups. Full Story
/https://static.texastribune.org/media/videos/PhilGramm_1.png)
With school districts across the state passing belt-tightening budgets due to cuts expected at the Legislature, Ben Philpott of KUT News and the Tribune reports that some districts are gearing up for legal challenges. Full Story
/https://static.texastribune.org/media/images/SchoolFundingCuts.jpg)
The $176 billion budget was approved along party lines, with all 19 Republicans voting for it and all 12 Democrats voting against. Full Story
At a panel hosted by the Texas Public Policy Foundation, UT president Bill Powers, TPPF senior fellow Ronbald Trowbridge and speaker of the A&M faculty senate Robert Strawser discussed the conservative think tank's seven proposed reforms to higher education. Here is the full video. Full Story
/https://static.texastribune.org/media/videos/042911_TPPF_Screen.png)
The Texas Senate voted 19-12 along party lines Wednesday to pass its own version of HB 1, the House’s budget for the next biennium. Not only did the Democrats lose their power to stop the bill under the traditional two-thirds rule, but they may have lost their chance for a Democrat to join the conference committee where five senators and five representatives will develop a compromise bill. Full Story
Over the vehement objections of Democrats, the Texas Senate today passed a state budget for the next biennium by a straight party-line vote of 19 to 12. Full Story
/https://static.texastribune.org/media/files/b67a7a2673a24bac919296755c4fb6b2/BD%20INC%20Ogden%20911%202011)
In this week's TribCast, Evan, Ross, Reeve and Ben discuss the Texas Senate, the budget being considered by the Texas Senate, and the influence of outside groups on the Texas Senate. Full Story
/https://static.texastribune.org/media/images/Tribcast_2.jpg)
The Texas Senate talks education funding, revenue and Rainy Day spending as members debate suspending the rules to bring up their substitute for House Bill 1, the proposed budget for the next biennium. Full Story
/https://static.texastribune.org/media/videos/050311_SenateBudget.png)