The Texas comptroller’s office said that it now expects the state to collect at least $5 billion in unanticipated revenue during the present two-year budget cycle.
Texas House Speaker Joe Straus has called for an end to an accounting practice that masks how taxes and fees are really spent.
State agencies were told to shave costs by another 10 percent, despite growing tax revenues that have raised hopes of restoring freshly slashed services and jobs across Texas.
Texas lawmakers on Monday will get a briefing on the current status of Medicaid, the health insurance program for the poor and disabled.
Governor Rick Perry is delivering an economic speech he promises will detail key Texas budget principles for next year and beyond.
Texas lawmakers are planning to hear testimony about the state’s debt burden and problems with the crime victim’s fund.
Lawmakers will most likely have to tap the Rainy Day Fund to balance the budget in 2013, state comptroller Susan Combs said in an interview.
Some Texas agencies facing severe budget cuts used financial incentives ranging from $10,000 to $25,000 to entice eligible employees to retire.
Texas lawmakers started the year promising to make hard choices and not ‘kick the can’ down the road. But guess what happened.
On Thursday evening, DISD school board trustees sat down to finalize the millions of dollars of budget cuts that are now necessary.
Keller ISD board president Kevin Stevenson said Monday that major cuts will now be implemented after voters turned down a tax increase.
As state lawmakers remain deadlocked on education funding, school districts are making spending decisions, chopping things like bus service.