The economic slump is still being felt around Texas and the country, but industries and data are reporting positive signs. KUT’s Mose Buchele reports on what to make of potential green shoots.
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: Dewhurst Predicts No Tax Hikes or Gaming
The state won’t need new taxes or expanded legal gambling to cover a budget shortfall next session, but higher fees and more budget cuts are a possibility, Lt. Gov. David Dewhurst said at this morning’s TribLive interview in Austin.
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Economy
TribBlog: $18 Billion Dollar Budget Hole
Texas lawmakers have been fishing for ideas on how to fill a looming budget deficit when they return to Austin in 2011. Based on new projections out today, they’re gonna need a bigger boat.
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Economy
Benefits and Drawbacks
The insurance plan for state employees will have a $140.4 million shortfall next year — and that’s the least of its problems. The projected shortfall for the two years after that is $880 million, and it will take another $476 million to replenish the legally required contingency fund. The Employee Retirement System and state leaders are surprisingly mellow about the red ink, saying growth in the cost of health benefits has actually stabilized at around 9 percent. But steady and large increases in costs threaten to erode the program, leaving policymakers to consider cuts in benefits, to negotiate lower prices or to find vast amounts of new money.
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Economy
TribBlog: An Off-Track Bet
The Speaker doesn’t have anyone studying gambling in advance of the next legislative session, and a leading Democrat says legislators ought to get together on their own to consider the issue.
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Economy
The Shell Game
If history is any guide, the Legislature will turn to accounting illusions to mask large portions of a budget shortfall of at least $11 billion. Trouble is, such trickery is a bet on the economy roaring back to life — and that’s no sure thing.
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Criminal Justice
TribWeek: In Case You Missed It
E. Smith interviews Gov. Rick Perry for the Trib and Newsweek, Philpott dissects the state’s budget mess in a weeklong series, Hamilton looks at whether Bill White is or was a trial lawyer, M. Smith finds experts all over the state anxiously watching a court case over who owns the water under our feet, Aguilar reports on the battle between Fort Stockton and Clayton Williams Jr. over water in West Texas, Ramshaw finds a population too disabled to get on by itself but not disabled enough to get state help and Miller spends a day with a young man and his mother coping with that situation, Ramsey peeks in on software that lets the government know whether its e-mail messages are getting read and who’s reading what, a highway commissioner reveals just how big a hole Texas has in its road budget, Grissom does the math on the state’s border cameras and learns they cost Texans about $153,800 per arrest, and E. Smith interviews Karen Hughes on the difference between corporate and political P.R. — and whether there’s such a thing as “Obama Derangement Syndrome.” The best of our best from April 19 to April 23, 2010.
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Economy
The Road Funding Hole
It’s no secret the Texas Department of Transportation is broke. Texas Transportation Commission Chair Deirdre Delisi tells the Tribune’s CEO/Editor-in-Chief Evan Smith just how broke the agency is.
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Criminal Justice
TribWeek: In Case You Missed It
Grissom on the fall of Norma Chávez; M. Smith and Ramsey on the runoffs, the results, and the aftermath; Hu on the Tea Party’s birthday party; Thevenot and Stiles on the path between schools and prisons; Ramshaw on prosecutors’ reaction to helping hands from Austin; Hamilton on self-appointed lawyers; Galbraith on property rights and power lines; Aguilar and Grissom sit down with the mayor of Juárez to talk about his crime-ridden city; Kraft on telling the stories of Texans and other Americans who died in Vietnam; Ramsey on slots and horses and casinos; and Hamilton goes on a field trip with Jim Hightower to hear the history of populism. The best of our best from April 5 to 9, 2010.
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Economy
TribBlog: Texas Unemployment Unchanged
Unemployment in Texas remained at 8.2 percent for the fifth consecutive month in March. According to the Texas Workforce Commission, 995,200 people were looking for work last month.