Texas State Budget
Republican legislative leaders in Texas are calling for modest increases in spending for public schools and the overall budget for 2014-15.
Shortfall and sacrifice: that’s how the Texas Legislature two years ago defended gutting $5.4 billion from public education, laying off thousands of public workers with slashed spending and stripping Medicaid to the bone.
The Texas Legislative Budget Board has set a $77.9 billion cap on state spending in the 2014-15 budget year, a 10 percent increase.
According to poll results released Tuesday by the nonpartisan Texas Lyceum group. more than one-fifth of Texans say education is the most important issue facing the state.
House and Senate negotiators have approved the Texas budget for the next two years, sending the plan to the full chambers for consideration.
The last pieces of the next two-year state budget is finally coming together, but funding it will still take some work. The budget conference committee should have the full budget deal approved by Thursday, setting up a weekend vote.
Negotiators reached an agreement on a two-year $80.6 billion Texas state budget that makes billions in cuts and will likely result in massive state layoffs, legislative leaders announced Friday.
A deal on the federal budget would remove the strings attached to $883 million in stimulus funds for Texas.
The Texas House is debating legislation that would make up for a $4 billion deficit in the current budget. The measure makes about $800 million in cuts and assumes the use of about $3.2 billion from the Rainy Day Fund.
Comptroller Susan Combs says the state will have an additional $300 million to spend in the next budget.
As currently proposed, the state budget won’t fund growth at state universities and Higher Education Commissioner Raymund Peredes says that’s a problem.