News from around the state of Texas

Texas State Spending Cap Set at $77.9 Billion for 2014-15

Leaders expect the budget to be less than the cap

By Chris Tomlinson
|  Thursday, Nov 15, 2012  |  Updated 12:57 PM CDT
View Comments (
)
|
Email
|
Print
Texas Spending Cap Set at $77.9B for 2014-15

flickr/tex1sam

advertisement

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.

But Republican leaders said Thursday that the actual state budget will be less.

The Legislative Budget Board writes the first draft of the state budget every two years, and then lawmakers haggle over changes during the legislative session, which begins in January. The spending cap is based on the economic forecasts of state revenues over the next two years.

During last year's session, state lawmakers had to cut $15 billion in state spending. The Republican-led Legislature cut $5.4 billion in school funding and shorted health programs for the poor and disabled by $4.7 billion.

Gov. Rick Perry has said he wants to limit state spending.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out