Texas' Budget Shortfall: $25 Billion

0
0 Flares Filament.io 0 Flares ×

$25 billion.

Texas faces a budget crisis of truly daunting proportions, with lawmakers likely to cut sacrosanct programs such as education for the first time in memory and to lay off hundreds if not thousands of state workers and public university employees.

Texas' GOP leaders, their eyes on the Nov. 2 election, have played down the problem's size, even as the hole in the next two-year cycle has grown in recent weeks to as much as $24 billion to $25 billion. That's about 25 percent of current spending.

The gap is now proportionately larger than the deficit California recently closed with cuts and fee increases, its fourth dose of budget misery since September 2008.

The next legislative session is going to be an absolute disaster.

Read the full story at the Dallas Morning News: “Legislature likely to cut deep to meet possible $25 billion budget gap.”

Share.

About Author

Phillip Martin

Currently the Research and Policy Director for Progress Texas and the Texas Research Institute, Phillip Martin writes occasional long-form pieces for BOR that promote focused analysis and insight into Texas politics. Born and raised in Austin, Phillip started working in politics in 2003 and started writing on BOR in the summer of 2005. Phillip has worked for the Texas Democratic Trust, the Texas Legislative Study Group, and now the Progress Texas family. He is a lifelong Houston Astros fan, a loyal Longhorn, and loves swimming at Barton Springs Pool.

Leave a Reply

2015 © Skytop Publishing All Rights Reserved. Do not republish without express written permission.

Site designed and developed by well + done DESIGN

0 Flares Twitter 0 Facebook 0 Filament.io 0 Flares ×