Texas Senate Votes to Exceed Spending Cap

AUSTIN -- The Texas Senate Wednesday adopted a resolution that would pave the way to exceed the state's constitutional spending limit by billions of dollars.

The Legislature is grappling with higher spending this year because of $14 billion promised to schools for decreased property taxes. That's pushed the draft budget about four billion dollars over what the state should be able to spend under the constitutionally required spending cap.

The resolution approved Wednesday would allow legislators to exceed
the cap for the purpose of property taxes.

The Legislative Budget Board adopts a spending limit every two years that parallels the predicted growth of the state economy.

Board members earlier this year agreed on a limit of about 13 percent over the last two-year budget.

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