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.
Economy
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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.
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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.
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Economy
Unfunded But Vital?
Get acquainted with a phrase that will be oft-repeated in the upcoming 82nd Legislature’s brawls over public education: unfunded mandate. To help schools cope with any reduced funding, lawmakers will look to relax state regulations that create costs local school districts bear on their own or with limited help from the state. But will dropping these requirements hurt educational quality?
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Demographics
Now What?
Texas alternates election years with governing years, with legislative sessions set in the odd-numbered years after voters choose their leaders. There are variations, but it’s got a rhythm: Choose them, watch them govern, choose, watch. The elections behind us, it’s time to see what this particular bunch will do.
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Economy
Biennial Blues?
Come January, as Texas lawmakers begin work to pass bills and tackle the yawning budget gap, they will go up against a simple but implacable barrier: time. Texas is one of a dwindling number of states whose legislatures hold scheduled meetings only every two years. Just three other, far smaller states — Montana, North Dakota and Nevada — still have biennial legislative sessions. Lawmakers differ on whether this is a good thing or a bad thing, especially for budgeting. Regardless, Texas seems unlikely to change anytime soon.
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Economy
National Treasure
Texas lawmakers have vowed to cut their way to a balanced budget, in the face of a shortfall that could be as high as $25 billion. But their task pales compared to the federal government, which ran a deficit of almost $ 1.3 trillion last fiscal year. As KUT’s Matt Largey reports, a lot’s at stake for Austin when the next Congress gets down to business on the next federal budget.
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Economy
The Forever Business
Got a hole in your budget? Cut spending. Shake the couch for spare change. Raid your savings. Ask for a raise, if you think you can get away with it. And when all else fails, sell your assets, right? Not in Texas. The folks who handle the state’s real estate are focused not on the current budget mess, but on ambitious building plans they say will make long-term financial sense for taxpayers.