I thought the Barnett Shale was supposed to make us all wealthy. It seems Texas is having to rely more and more on federal money. Weren’t we supposed to be all independent and everything?
A. Sales tax, driven by a strong economy.
B. Natural gas production tax revenue, driven by a strong economy and the Barnett Shale discovery.
C. Federal income.
The answer is C…
He’s got a nifty spreadsheet too.