Texas Budget
Texas Budget Crisis Despite Robust Labor Market
Texas is experiencing economic growth, but the state government isn’t keeping pace with fiscal responsibility. In December 2024, Texas added 37,000 new jobs, marking its twelfth consecutive month of job gains. Total nonfarm employment reached a record 14,318,700, and the…
The Texas Fiscal Size-Up: What You Need to Know
Introduction The Texas Legislative Budget Board (LBB) publishes the “Fiscal Size-Up” report after every session to comprehensively review the state’s budget and fiscal actions for the biennium. The latest report, covering the 2024-25 budget period, offers crucial insights into how…
Comptroller Announces Budget Surplus, Lawmakers Yearn to Spend More of Your Money
On July 17th, in a letter to Governor Greg Abbott, Lieutenant Governor Dan Patrick, and House Speaker Dade Phelan, Texas Comptroller Glenn Hegar reported that general revenue-related collections for the 2024 fiscal year have been tracking with the 2024-2025 Certification…