“We are pleased by the reports that estimated tax revenue in the next biennium is $1.2 billion more than expected. Any sign of economic vitality is most welcome. The way forward in this budget process is the same now as it always was: make necessary cuts, don’t raise taxes, and preserve the Rainy Day Fund.”
The Honorable Talmadge Heflin is Director of the Center for Fiscal Policy at the Texas Public Policy Foundation. Heflin served 11 terms in the Texas House of Representatives and chaired the House Appropriations Committee in 2003, leading the Texas Legislature’s successful efforts to close a $10 billion budget deficit without a tax increase.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin.
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