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budget
Posted in
Coronavirus in Texas
Analysis: In spite of it all, a Texas government that’s running full-steam ahead
The pandemic has devastated the Texas economy. The state comptroller says that will mean billions of dollars less than expected for the current budget. But state agencies haven’t received any orders to cut their spending.
Posted in
Coronavirus in Texas
Texas has billions in its rainy day fund. But legislators say they won’t use it until January.
Lawmakers widely agree that the Legislature will tap into the Economic Stabilization Fund next session. But under the weight of a crippled economy, many Texans want relief now.
Posted in
Coronavirus in Texas
Analysis: Energy isn’t the whole Texas economy, but it’s a critical piece
This week’s drop in crude oil prices signals trouble for state and local government budgets. Energy isn’t the biggest source of tax money in Texas, but the big one — the sales tax — is already falling.
Posted in
Coronavirus in Texas
Analysis: A fast drop for the Texas economy — and for the state budget
The pandemic’s impact on the Texas economy is a full-on recession, state Comptroller Glenn Hegar said Tuesday. And hard financial decisions will mark the next session of the Texas Legislature.
Posted in
Economy
Texas’ budget could take massive hit as coronavirus crisis continues unfolding, lawmakers learn
Texas Comptroller Glenn Hegar told House members that it’s too soon to make detailed forecasts, but both the state budget and Economic Stabilization Fund could be drastically revised down.
Posted in
Coronavirus in Texas
How will collapsing oil prices affect Texas? It depends on these two factors, experts say.
A dramatic drop in oil prices over the weekend could harm Texas’ oil and gas industry and economy, but experts say it all depends on how long they remain low — and how the COVID-19 epidemic plays out.
Posted in
Criminal Justice
Jerry McGinty to head troubled Legislative Budget Board
McGinty, the CFO of the Texas Department of Criminal Justice, will lead an embattled agency of nonpartisan budget analysts who have been without an executive director since October 2018.
Posted inState Government
Analysis: Beware of Texas politicians bearing home-brewed arithmetic
When government officials want to spin a story about state finance, it helps to have control of the numbers — and to do the math properly.
Posted inState Government
Analysis: In Texas government, the buck stops … somewhere
Texas state government is run by top leaders who promised to model their operations on business. They didn’t say it would be an error-prone business.
