Legislature likely to cut deep to meet possible $25 billion budget gap
I thought Texas was supposed to be some kind of shining example of conservative fiscal management. har har!
Texas’ GOP leaders, their eyes on the Nov. 2 election, have played down the problem’s size, even as the hole in the next two-year cycle has grown in recent weeks to as much as $24 billion to $25 billion. That’s about 25 percent of current spending.
The gap is now proportionately larger than the deficit California recently closed with cuts and fee increases, its fourth dose of budget misery since September 2008.
Everything is bigger in Texas, including suckage.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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California faces a $20 billion deficit in the unemployment fund with NO funds to keep unemployment checks coming to over 12% unemployed. California will be requesting a federal bailout. Now if California is so much better off than Texas, why am I as a taxpayer paying for another bailout?
Get your facts straight.
I guess you are smarter than the DMN.
Try this Unemployment Tracker:
Why is security being planned for unemployment offices in California? Look what is happening in England, Greece and France. When the unemployed in California don't a check to buy food, there will be civil unrest. California can't pay for fireman to retire at 55 with 90% of their pay.
Susan Combs, TC, will not have to revise revenue estimates for Texas because of continued growth and better than expected performance in oil & natural gas taxes.
A federal bailout for Texas is not in the future. Because California voters refuse to think of the future and only live in the moment, they are making our national deficit worse. Seems like you use to keep up with that when Bush was president.
When the dollar is not worth anything, we will all be hunkered down somewhere trying to survive by eating wild boars cooked over a campfire. Guess you will be happy then that we are saving Mother Earth by doing away with the free market system. I will be happy to be a Texan in Wise County because we will be better off.