AUSTIN, Texas (AP) – Official and independent economists have told state lawmakers that the $1.3 billion Texas economy has completely recovered from the Great Recession and is getting stronger.
John Heleman, chief revenue estimator in the Texas comptroller’s office, said Texas and New York are the only two states to have restored all of the jobs lost when the recession hit in 2009.
He said Thursday that the Texas economy is larger than those in Michigan, North Carolina and Georgia combined.
Independent economist Ray Perryman said Texas lost 400,000 jobs between 2009 and 2011, but has since added more than one million jobs. But he noted that those who lost their jobs may not have gotten one of the new ones.
Perryman said the state needs to make major investments in roads and schools.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Baseball Hall Of Fame Revamps Veterans’ Committees
- New Artificial Reef To Be Sunk Off Florida’s Pompano Beach
- Texas Makes Deal On First Election Under Weaker Voter ID Law
- Darvish Solid As Rangers Lose To Royals 3-1
- Shippy & Luds: In The 5 Hole: Reaction To Benn’s Contract Extension
- Texas City Working To Turn Sewer Water Into Tap Water
- Plano Man Killed After Reentering Burning Home To Retrieve Phone
- Allen ISD’s $60 Million Football Stadium Closed For Months
- Spring One Day, Thundersleet The Next
- North Texas Man “Crowdfunds” $90,000 Birthday Party
- PHOTOS: Your Pet Pictures