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 ...

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.

Analysis: For Legislators, an Extra Incentive to Finish State 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.

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.

Budget Panel Breakdown: Democrats Short on Slots, Long on Experience

The budget conference committee will hash out a compromise of the chamber’s respective 2016-17 budget plans. Committee members include two Democrats who rank as the most experienced budget negotiators on the panel.

Speaker Joe Straus on the floor of the Texas House on April 17, 2015.
Speaker Joe Straus on the floor of the Texas House on April 17, 2015.

Straus Taps House Team for Budget Negotiations

Texas House Speaker Joe Straus Wednesday named his five-member team to craft a final budget for the next two years, and House members urged the team not to focus on tax cuts — a contentious issue between the House and Senate.

Gov. Greg Abbott holds a press conference with Ellen Wood, president and CEO of vcfo on his plans to greatly reduce the Texas business franchise tax, on April 15, 2015.
Gov. Greg Abbott holds a press conference with Ellen Wood, president and CEO of vcfo on his plans to greatly reduce the Texas business franchise tax, on April 15, 2015.

Analysis: Abbott Wants a Tax Cut Without Picking Sides on Proposals

As the House and Senate continue their "robust discussion" over whether to cut sales or property taxes, Gov. Greg Abbott touted his own preference, along with a way to avoid the fight: business tax cuts, along with whatever legislators decide.

State Sen. Kelly Hancock, R-North Richland Hills, and Lt. Gov. Dan Patrick touted legislation to exempt tax cuts from counting toward the state spending limit at a Capitol press conference on March 10, 2015.
State Sen. Kelly Hancock, R-North Richland Hills, and Lt. Gov. Dan Patrick touted legislation to exempt tax cuts from counting toward the state spending limit at a Capitol press conference on March 10, 2015.

Unable to Tighten Spending Cap, Senate Built a New One

Lt. Gov. Dan Patrick and Senate Republicans had hoped to amend the Texas Constitution to tighten the state's spending cap. Short of the needed votes, they passed a measure creating a new cap in state law instead.