Today the Senate Finance Committee approved its substitute for the Senate budget proposal (Senate Bill 1), the General Appropriations Act for 2018 and 2019. Total spending proposed for the next budget cycle in SB 1 is $217.7 billion, a 0.7 percent increase compared to the $216 billion in state and federal revenue budgeted for 2016-17. This means a real spending drop of almost eight percent, once population growth and inflation are taken into account. Total General Revenue spending would be $106.3 billion, which would be a 1.6 percent drop from 2016-17 even before any population or inflation adjustment.
Here’s what we know so far Today, the Senate and House released starting-point budgets for education, health care, and other state-funded services in 2018 and 2019. Each legislative chamber will hold public hearings on the proposals (SB 1 and HB 1) and “mark up” their respective drafts for full Senate and House approval. Then, before […]
In the state budget deal for 2014-15 that’s still a few pieces short of being finalized by the 83rd Legislature, public education would see a 7 percent biennial increase, from $52 billion in 2012-13 to $56 billion in 2014-15. General Revenue support for public education would rise by 8 percent in SB 1, or 8.5 percent […]
With just a few days left in the 2013 legislative regular session, details and summary information on the 2013 and 2014-15 state budget deals are finally starting to emerge. The conference committee report for Senate Bill 1, the General Appropriations Act for 2014-15, includes $94.6 billion in General Revenue spending, and an All Funds budget of […]
Yesterday the Senate Finance Committee unanimously approved CSSB 1 (Committee Substitute for Senate Bill 1), which would spend $94 billion in General Revenue and $195 billion in total money on services for all Texans during fiscal 2014 and 2015, the budget cycle that starts this September. Senators in charge of the various workgroups for the […]
Today, the Senate Finance committee kicked off public hearings on Senate Bill 1, the proposed state budget for 2014 and 2015. At $89 billion in General Revenue, the Senate’s starting point is 8 percent below a conservative estimate of the $97 billion needed just to keep the “bare bones” budget going while retaining all the […]
Today, we learned a little about what the House and Senate budget proposals included, as well as what the Legislative Budget Board estimates is necessary to cover 2014-15 growth. We spent some time at the Capitol today doing preliminary analysis and comparing what each chamber is proposing to spend to what is needed to fund growth for […]