Tag Archives: balanced budget

Texas Law Requires a Balanced Budget

Why does a balanced budget approach work?  It’s simple really.  The importance of a balanced budget amendment is that it forces the legislature, by force of law, to focus all budget discussions on reconciling spending and revenue.  We are free to reconcile by a number of means: raise taxes, cut spending, or a combination of the two.  But, at the end of the day, every budget debate comes back to reconciling spending and revenue.  As a legislature, we can never ignore it.  Continue reading →

Texas Senate calls for balanced budget amendment in U.S. Constitution

AUSTIN — The Senate, taking a break from Texas’ own budget problems, Wednesday passed a joint resolution calling on Congress to stop deficit spending and approve a new amendment to the U.S. Constitution requiring a balanced federal budget.

Under the resolution, approved 24-7, Congress will first be asked, and then if nothing happens, the Senate wants a constitutional convention to be called solely to pass a balanced budget amendment.

Two-thirds of the states — at least 34 — would have to agree before a constitutional convention could be convened. There has never been a constitutional convention called by the states, though many — including Texas — have petitioned for one. Continue reading →