The latest economy news from The Texas Tribune.
State senators have unveiled a list of almost $5 billion in cash-flow tricks, property sales and fees that could be used to ease cuts in the state budget, but it's not enough to completely close the gap between what they have available and what they hope to spend. Full Story
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It doesn’t include a “sick tax.” But the Senate version of the state’s 2012-13 budget still takes direct aim at hospitals, in an effort to find hundreds of millions of dollars in cost savings and narrow the state’s revenue gap. Full Story
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Solving the state's 2012-13 budget woes is a hard job and perhaps the best way to show that is to let you decide for yourself how the $27 billion shortfall should be closed. Use our interactive budget shortfall app to see what you're willing to give up to close the gap. Full Story
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Republican lawmakers have vowed to close the budget hole without a new tax. But that hasn’t stopped Sen. Eddie Lucio, D-Brownsville, from proposing a penny per ounce tax on soft drinks. Full Story
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The 2006 tax swap — lowering local school property taxes and creating a new business tax to make up the difference — is at the center of Texas' current budget troubles. The architects are still pointing fingers over what and whom to blame for the state's “structural deficit.” Full Story
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Hamilton on Victoria's efforts to divorce the University of Houston, Ramshaw on a disagreement between right-to-life groups over laws governing when life ends, E. Smith's TribLive interview with Sen. Kel Seliger and Rep. Burt Solomons on redistricting, Aguilar's interview with the mayor of Juárez, Tan on the continuing hunt for money to buy down budget cuts, Grissom on a psychologist who found more than a dozen inmates mentally competent to face the death penalty, Stiles and yours truly on the House redistricting maps and Galbraith on cutting or killing a tax break for high-cost natural gas producers: The best of our best content from April 11 to 15, 2011. Full Story
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One reason companies move from California to Texas is the Golden State's higher tax burden. But are taxes really lower here than there? Depends on how you look at it. Full Story
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The Texas Legislature is faced with a budget challenge that pits the Republican majority’s desire to cut government spending against a vulnerable target: the frail and the elderly covered by Medicaid and housed in nursing homes. Full Story
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A bill designed to find cost savings and efficiencies in Texas' costly Medicaid program — and, more controversially, expand managed care into the Rio Grande Valley — is moving to Senate budget writers for consideration. Full Story
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The Big Men on Campus in the school known as the Texas Legislature have the unenviable job of finding money that might alleviate the massive cuts outlined in House Bill 1, the general appropriations bill for the next biennium. Full Story
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The House Ways & Means Committee is considering several bills that have the same mission: to make permanent the franchise tax exemption for businesses that report $1 million or less in gross revenue. Full Story
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There’s a widely held belief around the Capitol that lawmakers balanced a troublesome budget in 2003 with a convenient underestimation of how many people would need to be served. So why not do that on purpose, and out in the open? Full Story
Data don’t lie: Amendments dominated the House floor last Friday as Representatives debated the budget bill. A visualization of the House transcript reveals “amendment” was the most used word. Full Story
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No time to follow every twist and turn of the Texas Legislature? We've made it easier for you with our weekly recaps of the action under the dome. Full Story
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Cutting the budget can be expensive. Something that appears to save money can, on further inspection, cost more. Family planning, for instance. Full Story
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The betting game has already begun on whether the budget battle between a more moderate Senate and a far stingier House will lead to a standoff — and a special session in the summer. The two budget committee chairmen refuse to say whether one body may have more sway than the other in the final outcome. Full Story
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Texas senators scratching for new state revenue canceled a meeting to talk about their options today, but a copy of their list got loose — and it includes $5.5 billion in taxes, fees, asset sales and accounting tricks that could be used to ease their budget problems. Full Story
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The Texas House sent its budget blueprint to the Senate this week. But many senators say those cuts are too deep, and they're ready to make some drastic changes. Full Story
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A Texas lawmaker said the magic words Thursday morning to a panel of exhausted and nearly hopeless state budget writers: he has found a “new revenue source without raising taxes.” Full Story
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