“We have had negative growth in the state, but not as much as we expected when we issued the forecast of a $4.6 billion budget deficit for this biennium,” said Texas Comptroller Glenn Hegar during the North Texas Commission Legislative Summit. During the Legislative Summit, Hegar said he was not ready to issue a new revenue estimate yet. He is … [Read more...]
Texas budget
Actual Results Are Narrowing The State Budget Deficit
Texas Legislators Offer Ideas About Projected Budget Shortfall
As a part of the North Texas Commission's Legislative Summit, State Senator Kelly Hancock and State Representative Ramon Romero participated in an informative panel discussion. Dale Craymer of the Texas Taxpayers and Research Association moderated the engaging discussion, and closing the gap on the projected $4.6 billion revenue shortfall for this … [Read more...]
Senator Nelson Announces Zero-based Budgeting For All Texas Agencies
Senator Jane Nelson (R)-Flower Mound, Chair of the Texas Senate Finance Committee, announced that every state agency will be required to use zero-based budgeting for the next biennium's budget. Standard practice has been to have each agency use zero-based budgeting on a rotating basis, but this will not be a normal budgeting cycle. In a May 8th … [Read more...]
Recession Pronounced by Texas Comptroller
Texas Comptroller Glenn Hegar said Texas is experiencing a recession during a live stream Tuesday morning with Ross Ramsey of the Texas Tribune. While there have been early indicators of a recession, he does not have exact data to determine the scope or impact. He said he has been reluctant to use the “R” word, but now he realizes that it is … [Read more...]