Tribpedia: Budget

The Texas Constitution requires the Legislature to balance its budget every year without borrowing against future receipts. That bars the government from deficit spending and forces lawmakers, who meet for 20 weeks every two years, to constantly balance demands for programs and services against voters' desire to limit taxes, fees and other costs of government.

The Legislative Budget Board — a ...

Hegar Lets Abbott Vetoes Stand, Asks AG to Decide

State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.
State Comptroller Glenn Hegar says his revenue estimate to divvy up for the 2016-17 budget will be about $113 billion.

Comptroller Glenn Hegar announced Wednesday he will not authorize more than $200 million in funds approved by the Texas Legislature but vetoed by Gov. Greg Abbott as he waits for Attorney General Ken Paxton to settle the issue.

Defying Pressure, Regulators Uphold Historical Racing

In a victory for racetracks and a rebuff to state lawmakers, the Texas Racing Commission on Tuesday declined to outlaw historical racing in the state. The commission, which oversees dog and horse racing in Texas, voted 4-3-1 not to repeal historical racing, admitting that their action could jeopardize the agency’s funding after this month.

Gov. Greg Abbott
Gov. Greg Abbott

Legislature Questions Abbott's Budget Vetoes

Some of Gov. Greg Abbott’s line-item vetoes in the state budget might be invalid, the state’s Legislative Budget Board said in a letter sent Tuesday to Texas Comptroller Glenn HegarThe director of the LBB said the governor’s veto proclamation, listing line items he chose to excise from the new budget, doesn’t have the effect Abbott apparently intended.

An advocate for restricting funds for toll-roads in Texas attends a rally March 23rd, 2015
An advocate for restricting funds for toll-roads in Texas attends a rally March 23rd, 2015

Toll Road Projects in Limbo Following Session

Texas' network of tolled highways totals more than 500 miles, but its growth was curtailed this session as lawmakers passed several measures making it tougher for toll projects to move forward. Some fast-growing communities are scrambling to find new funding avenues for highway expansion projects with uncertain futures.

(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.
(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.

Effort to Tighten Spending Cap Dies

The state’s constitutional spending cap will remain untouched this session, and House and Senate leaders are blaming each other for the lack of action on the arcane but politically important measure.

Speaker Joe Straus on April 17th, 2015 during debate of HB 910
Speaker Joe Straus on April 17th, 2015 during debate of HB 910

Final Bill in $3.8 Billion Tax Cut Deal Sent to Abbott's Desk

The Texas House sent a bill increasing the homestead exemption from $15,000 to $25,000 — if voters approve it — to Gov. Greg Abbott's desk on Friday, the last part of a $3.8 billion tax cut deal that includes property tax relief and a reduction in the franchise tax rate paid by businesses. 

 

(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.
(L-R) State House Speaker Joe Straus, Governor Greg Abbott and Dan Patrick on May 21, 2015.

House Sends Franchise Tax Cut to Abbott

Defusing Gov. Greg Abbott’s first public veto threat, lawmakers sent a bill cutting the business franchise tax to his desk Thursday. The House also sent Abbott a bill plugging holes in the 2014-15 budget.

Phil Collins with his collection of Alamo artifacts at his home in Switzerland.
Phil Collins with his collection of Alamo artifacts at his home in Switzerland.

Budget Deal Includes $25 Million Boost for Alamo

Budget writers have added some last-minute cash for the Alamo to spiff up the Texas shrine and its surroundings, in large part to ensure that the state holds on to a collection of Alamo artifacts from British music legend Phil Collins.