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

In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would be about $113 billion.
In January 2015, Texas Comptroller Glenn Hegar said that his revenue estimate to divvy up for the 2016-17 budget would 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.

(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.