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 ...

(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.

(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.

Sens. Lois Kolkhorst, Juan "Chuy" Hinojosa, Jane Nelson, Charles Schwertner, Joan Huffman and Reps. Larry Gonzales, Sarah Davis, Sylvester Turner, John Otto and Trent Ashby make up the 2015 budget conference committee.
Sens. Lois Kolkhorst, Juan "Chuy" Hinojosa, Jane Nelson, Charles Schwertner, Joan Huffman and Reps. Larry Gonzales, Sarah Davis, Sylvester Turner, John Otto and Trent Ashby make up the 2015 budget conference committee.

House, Senate Negotiators Reach Deal on Budget

Top House and Senate negotiators sealed up the final unresolved issues on a two-year budget deal on Thursday evening, including removing controversial language that would have killed a proposed Dallas-Houston bullet train.

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.

Analysis: For Legislators, an Extra Incentive to Finish Budget

If state budget writers can't get a deal on the budget during the regular session, they'll have to come back to finish. And with the state economy slowing down, going into overtime could mean less money for tax breaks and state programs.