El Paso-centric info and commentary from the Center of North America

NPT Capitol: Straus happy with the budget

StrausA press release from House Speaker Joe Straus. The Texas House passed their version of the budget 149-0 early Saturday Morning.

Texas House Adopts 2010-2011 State Budget
House Trims $4 Billion Off Senate Budget

Austin— Today Texas House Speaker Joe Straus praised the House of Representatives for adopting the state’s 2010-2011 biennial budget.

“I appreciate the outstanding work of Appropriations Chairman Jim Pitts, Vice Chair Richard Raymond, and all Members of the House of Representatives for passing a sound budget which is fiscally responsible and funds essential government services,” stated Texas House Speaker Joe Straus. “I am proud of the entire House for working together to produce a balanced budget, control state expenditures, and make wise spending decisions. Today’s approved budget makes prudent investments in critical areas and includes funding increases in education and health care.”

The budget reduces general revenue spending by 2.5% compared to the last biennial budget, uses the federal stimulus dollars wisely to ensure the funds are spent on one time expenditures that will not result in ongoing costs to the state and leaves the Rainy Day Fund untouched. This strategy is essential to plan ahead for the next budget cycle, in 2012-2013, when the economy is projected to still be feeling the effects of the recession.

The House version of Senate Bill 1 totals $178 billion for all funds for the state’s 2010-2011 biennium. That is approximately a 2.5% annual increase for the biennium, which is below the projected rates of inflation and population growth for Texas. The all-funds budget includes nearly $80 billion in General Revenue and approximately $11 billion in federal stimulus funds.

Written by newspapertreeelpaso

April 18, 2009 at 9:41 am

Posted in Uncategorized

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