AUSTIN – The Texas House of Representatives is scheduled to take up for debate Senate Joint Resolution 1 today at 4:00 p.m. Though SJR 1 does not appropriate any money from the Economic Stabilization Fund (ESF) directly, the bill creates the mechanism through which the Legislature may spend billions from the state’s “savings account.”
We remind legislators that 14 state and national groups earlier this month signed a coalition letter, addressed to the Texas Legislature, and urging lawmakers to “reject calls to raid the ESF [for ongoing expenses and new programs], and stand firm against ‘busting the cap.'”
The signatories of this letter included:
– 60 Plus Association
– American Legislative Exchange Council
– Americans for Prosperity-Texas
– Americans for Tax Reform
– Council for Citizens Against Government Waste
– Grassroots America We the People
– Institute for Policy Innovation
– National Taxpayers Union
– Texas Eagle Forum
– Texans for Fiscal Responsibility
– Texas Legislature’s TEA Party Caucus Advisory Committee
– Texas Public Policy Action
– Texas Public Policy Foundation
– Young Conservatives of Texas
The Texas Public Policy Foundation once again urges lawmakers to avoid a budget that spends billions in reserve funds at a time of comparative prosperity and increasing revenues.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin.
Primary website: www.TexasPolicy.com
Facebook page: www.Facebook.com/TexasPublicPolicyFoundation
Twitter feed: www.Twitter.com/TPPF
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