Today, the Texas House of Representatives passed House Bill 1, the House version of the 2016-17 state budget. Texas Public Policy Foundation Vice President of Policy Chuck DeVore issued the following statement:
"In watching the budget debate in the Texas House of Representatives through dawn Wednesday, one thing clearly emerged: House leadership is reserving some $2 billion under the state's spending cap that might go for higher spending, held in reserve, or applied to tax cuts,” said DeVore. “This surplus is best returned to Texas taxpayers through meaningful, permanent tax cuts that will encourage job growth and economic vitality."
The Honorable Chuck DeVore is the Vice President of Policy at the Texas Public Policy Foundation. He served six years in the California Assembly and is the author of “The Texas Model: Prosperity in the Lone Star State and Lessons for America.”
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.