Despite the budget crisis, thousands of Texas teachers know their jobs are safe. They possess a “continuing contract” — the public education equivalent of tenure. Many of the most senior educators are employed under these contracts, which may complicate the efforts of some districts to cut personnel costs.
Economy
Get the latest on jobs, business, growth, and policy shaping the state’s economy with in-depth reporting from The Texas Tribune.
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Economy
TribBlog: Pitts Says Expect Big Budget Cuts
Trib CEO Evan Smith spent the morning interviewing House Appropriations Chairman Jim Pitts, R-Waxahachie, at a TribLive event. And Pitts made some news. Here are a few headlines.
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Economy
Opening Day: The Liveblog
And they’re back! Texas lawmakers returned to Austin on Tuesday to launch the 82nd Texas Legislature. Our reporters were there and produced this live play-by-play.
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Economy
Decision Time
The Texas Legislature today starts its 140-day effort to puzzle out a massive budget deficit, political redistricting, immigration and a slew of other gnarly problems. The budget issues came into focus Monday with new numbers from the comptroller, who says the state is recovering, slowly, from the recession. But first, legislators will get organized, voting on new rules, a new Speaker, and getting sworn in.
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Economy
Democrats: “Dangerous” Cuts Ahead
Democratic state lawmakers warned Monday of the “dangerous” cuts to public and higher education that are likely as the Legislature prepares to address a massive budget shortfall.
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Economy
TribBlog: The Comptroller’s Big Reveal
The state will have $77.3 billion in general revenue during the next two-year budget cycle, Comptroller Susan Combs said this morning. The comptroller estimated the Rainy Day Fund will have $9.4 billion in it at the end of the 2012-2013 biennium and that the size of the current deficit is $4.3 billion.
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Criminal Justice
Pomp, Circumstance, Consequences
The 82nd Texas Legislature convenes in Austin this week, and while it’s not as much fun as the circus — usually — it’s more important and does have its share of comedy and drama.
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Economy
Green House
The biggest caucus in the Texas House is the Republicans’, now with 101 members. Next? The Democrats’, at 49. And then there’s the freshman class — one of the biggest in years — with 38 members. All but six are Republicans, and many of them replaced Democrats. They face some challenges.
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Economy
The Revenue Guesstimate
Lawmakers are waiting for Comptroller Susan Combs to forecast exactly how much money the state will collect between now and August 2013 so they can write a two-year budget that spends no more than that. It’s not exactly like opening the envelopes at the Oscars, but the Capitol community will be hanging on her every word. If history is a guide, her estimate of revenues will be closer to the bull’s eye than the Legislature’s estimate of spending. But this is a dark art; accuracy can be elusive.
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Economy
A Taxing Problem
It’s not hard to find strange bedfellows in the Texas Legislature when the bills start flying. Republicans and Democrats frequently cross the aisle to support legislation that they feel will help their constituents. As Ben Philpott of KUT News and the Tribune reports, the same could be true as lawmakers try to figure out how to balance the state budget during the upcoming legislative session.