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 →
There is a substantial amount of flawed information showing up in traditional media accounts, driven largely by erroneous articles last week on Business Insider and in Paul Krugman’s New York Times column. Already today, we are seeing many media outlets splashing the liberal spin of a “$27 billion budget shortfall” in Texas. That figure is nonsense. Please find below two items from Talmadge Heflin, Director of TPPF’s Center for Fiscal Policy and former chairman of the Texas House Appropriations Committee. The first is his statement on the release of the revenue estimate. The second is a blog post specifically refuting the myth of the $27 billion budget shortfall.
David Guenthner –
Texas Public Policy Foundation
Statement by The Honorable Talmadge Heflin, Director of the Center for Fiscal Policy and former Chairman of the Texas House Appropriations Committee:
“Now that the Comptroller has released her estimate of state revenues for the next two years, it is imperative that the Texas Legislature produce a budget that balances within existing revenue.
“This session’s budget writers must recognize that just as Texans’ family budgets have shrunk, so now must the state’s. Now is the wrong time to increase the burden of state government on those family budgets. Legislators must set careful priorities to ensure that taxpayers’ limited resources are spent in the most effective and responsible manner. Continue reading →
I know some of you, especially our local folks, have done a story on this, but we just received in the mail today our certificate from the Texas Comptroller’s Office regarding our leading efforts in financial transparency amongst Texas Counties. It is pretty exciting to me that we are one of only two counties, out of the 254 in Texas, to achieve the Gold Star Status. We actually received 15 out of 15 points in the comptroller’s rating criteria to earn this award. Here is a link to the Comptroller’s web site so that you don’t just have to take my word for it. http://www.window.state.tx.us/comptrol/checkup/counties.php
Public Information Officer/Project Coordinator
Parker County Judge Mark Riley’s Office