House Proposes Reversing Budget 2011 Gimmicks

By: Associated Press Email
By: Associated Press Email

The Legislature's main budget writer has proposed reversing two of the gimmicks used to balance the budget in 2011.

House Appropriations Chairman Jim Pitts said Monday he wants to reverse a delay in payments to schools and stop a speed-up in collecting business taxes.

In 2011, Texas lawmakers faced a shortfall of $27 billion to pay for government services. As part of balancing the budget, they delayed a payment to public schools by two weeks, pushing a $1.75 billion check into the next fiscal year. Some businesses also agreed to pay $864 million early.

Texas collected more taxes than expected, and now Pitts wants to reverse those accounting tricks and add $2.6 billion to the current budget. Last week the House approved adding $4 billion to the budget.

KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 193063161 -
Gray Television, Inc.