“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 Legislature
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...]
Chamber Candidate Showcase To Feature State House Races
If you haven’t been keeping up with the excitement surrounding the State House Races, now is your chance! Races this election have been particularly interesting, and the Texas House of Representatives election is no exception. The Greater Arlington Chamber is hosting a virtual candidate showcase from 8:00 am to 10:00 am on October 6, 2020. All … [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...]
COVID-19 Has the State Legislature On Hold
The Chamber is committed to providing our members with resources and information during this unprecedented time. While we continue to help our members navigate their "new normal," we are continuing our public policy efforts. This week, the Chamber reached out to state officials for updates. During the interim, legislation is typically drafted, … [Read more...]
School Property Tax Reductions Critical to Texas Economic Development
The Chamber has been working to fight for the renewal of Chapter 313, which is the part of the Texas Tax Code that allows school districts to limit property taxes on major new investments in Texas. Chapter 313 is set to expire in 2022, and it must be reauthorized in this session or the valuable economic development tool it provides will go … [Read more...]