AUSTIN – Today, the Conservative Texas Budget Coalition made the following statement on the release of the Conference Report for Senate Bill 1 and the pending supplemental budget, House Bill 2.
“HB 2 brings Texas to the edge of a historic accomplishment for the 2016-17 biennium, a Conservative Texas Budget when there are no significant funding restraints. Rather than appropriate all the money it had available, the 84th Texas Legislature kept appropriations increases under population growth plus inflation and returned much of the surplus money to taxpayers through a major tax cut. The 85th Texas Legislature has continued this work by proposing spending in HB 2 under the Conservative Texas Budget targets. If the House approves HB 2 as passed by the Senate, the 2016-17 biennium will conclude with fiscal restraint not witnessed in Texas in many years. Considering that government spending must ultimately be paid for by taxes, passage of a Conservative Texas Budget helps keep taxes low—an environment our research demonstrates leads to more economic opportunities for Texans.
“SB 1 makes it possible that this trend could continue. In overall appropriations, SB 1 comes within several millions of dollars of the 2018-19 Conservative Texas Budget target of $218.5 billion—after accounting for the delay of $1.8 billion in transportation appropriations. The 86th Texas Legislature will have approximately $2.7 billion to spend in its supplemental appropriations bill in 2019 in order to remain under the final CTB limit of $221.23 billion for the entire 2018-19 biennium. Though the budget increases public education spending without reforms such as school choice, Texans would benefit from the passage of what would be a second consecutive Conservative Texas Budget.”
Coalition members include:
TEXAS PUBLIC POLICY FOUNDATION
AMERICANS FOR PROSPERITY, TEXAS
NATIONAL CENTER FOR POLICY ANALYSIS
CITIZENS AGAINST GOVERNMENT WASTE
For more information visit: http://www.conservativetexasbudget.com/