KBTX - Money - Headlines

Lawmakers Approve Major Budget Measure

By: Associated Press
Posted: Mon 3:15 PM, Jun 27, 2011

Texas lawmakers have passed a major budget-balancing bill that was a must-pass in the special session. The measure now goes to Gov. Rick Perry for his signature.

The catch-all bill establishes how much and where the state will spend funds on education over the next two years, what funds to tap from the tobacco settlement fund and cancer research bonds.

The measure passed both the Senate and the House on party-line votes.

Many of the bills detail are enable implementation of Senate Bill 1, the main fiscal matters bill that is expected to come up for a vote on Tuesday.


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