Rainy day fund
Gov. Rick Perry says he won’t sign a new state budget that does not include a tax cut. The governor has proposed a $1.6 billion tax cut after the Texas economy bounced back from recession.
Gov. Rick Perry is backing $1.6 billion in business tax cuts, even though he concedes it may mean tapping Texas’ once-untouchable cash reserves.
Gov. Rick Perry is ready to talk traffic after Senate Republicans unveiled a new $3.5 billion plan for crumbling and congested Texas highways.
Texas voters would be asked to authorize $6 billion from the state’s Rainy Day Fund to pay for water and road projects under a new Senate plan that stands out among the biggest proposed.
The Texas Legislature may not be spending quite like a drunken sailor, but lawmakers have certainly got the checkbook out as they work on the next state budget.
The Texas House is expected to begin debate on a $2 billion state water fund that will be used to build new projects across the state.
Lawmakers took the first step Thursday to setting up a $2 billion fund to finance water projects across the state. Members of the House Natural Resources Committee approved a plan that would take the money from the state’s Rainy Day Fund.
Texas lawmakers are expected to begin public hearings on a proposed $2 billion fund to finance water projects across the state.
Texas transportation officials are scheduled to give lawmakers a road map for the challenges the state faces in keeping up an aging highway system to move its growing population.
The state climatologist says Texas continues to experience a serious shortage of rainfall and is on track to experience the second-worst drought on record.
The Texas House and Senate Natural Resources Committees will be holding a joint hearing on the ongoing drought and the status of the state water plan.
Governor Rick Perry presented a glowing assessment of the Texas economy Tuesday and said there was more than enough money in the state’s Rainy Day fund for a one-time, $3.7 billion-investment in water and transportation upgrades while also cutting taxes.