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Will Texas Squander Its Prosperity?
RCM ^ | 09/25/2012 | Steve Malanga

Posted on 09/26/2012 5:42:59 AM PDT by SeekAndFind

Texas has been on a roll recently. Fueled by a booming energy sector, the state has easily outpaced others in job growth. Business executives consistently rate it among the most desirable places to invest in, and Texas has made a habit recently of poaching jobs from places like California. Although Texas legislators did confront a budget squeeze a few years ago, the booming economy has provided Austin with plenty of fiscal room to maneuver, even as other states confront perhaps another decade of fiscal adjustments.

Now Texas faces the challenge of managing its success over the long term. Although Texas has a reputation as a conservative state, legislators have been spending its prosperity. Its government is bigger than you might imagine, and Texas has its share of inefficient and at times even frivolous government expenditures that are unsustainable over time. Other states in the past have squandered their prosperity. Will Texas, too?

Texas revenues have increased robustly over the past decade thanks to economic growth, but so have state and local spending. State expenditures from all sources grew from the 1998-1999 two year budget cycle by 120 percent to $187 billion through the 2010-2011 biennial budget. Even though Texas is still among the more frugal of state governments based on a spending per capita basis, over those years expenditures grew 50 percent faster than the rate of inflation plus population growth.

Local government spending in the state has similarly risen, doubling over a decade, according to the federal government's census of state and local government finance. That high level of spending forced legislators to scramble, when tax revenues skidded in the fiscal downturn, and cut the state budget by billions of dollars, though Texas largely did so with one-time gimmicks that didn't really balance the budget.

(Excerpt) Read more at realclearmarkets.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Texas
KEYWORDS: prosperity; texas

1 posted on 09/26/2012 5:43:02 AM PDT by SeekAndFind
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To: SeekAndFind

A large migration is coming to Texas from all across the country, even where I live in Alaska I hear talk of people taking off to head there for wor, one of my drivers has a job offer to work through the winter down there, if he stays here he will see our regular seasonal layoffs which will start soon, I wish him luck and I wiash I could do the same.

Problem is I have been living in Alaska for over 20 years, I also lived and worked in Texas, I doubt I would be able to acclimate myself back to the heat and humidity they have, I can take the cold easier than heat.

Its just time to prep for a winter hibernation.


2 posted on 09/26/2012 5:49:43 AM PDT by Eye of Unk (OPSEC)
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To: Eye of Unk

Just relocated here a little more than a year ago from the PNW and I can say that the summers are a little rough. September through May is fantastic however. Overall we love it!


3 posted on 09/26/2012 5:53:37 AM PDT by tatown ( FUMD, FUAC, and FUGB)
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To: Eye of Unk

Just relocated here a little more than a year ago from the PNW and I can say that the summers are a little rough. September through May is fantastic however. Overall we love it!


4 posted on 09/26/2012 5:53:37 AM PDT by tatown ( FUMD, FUAC, and FUGB)
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To: tatown

I moved here from the PNW about 10 years ago. I agree summers are a little rough but I love it here.


5 posted on 09/26/2012 5:56:40 AM PDT by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: SeekAndFind

One big thing in our favor here in Texas is that we have no state income tax. Revenue comes largely from property taxes (high, but not as high as income tax + property tax as in most states), sales tax and user fees.

The latter two make it possible for those who pay no property tax to pay a share of the services the state provides. It’s the only way Texas can collect from the million+ illegal aliens living here and devouring our education, medical and justice systems.

Texas would be almost perfect (we do have terrible weather) were Switzerland our neighbor.


6 posted on 09/26/2012 6:00:48 AM PDT by txrefugee
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To: SeekAndFind

“poaching jobs”? Companies all over are leaving their over taxation and over regulation (and over unioned) states to relocate in Texas...I wouldn’t exactly call that “poaching”.


7 posted on 09/26/2012 6:02:01 AM PDT by FrankR (They will become our ultimate masters the day we surrender the 2nd Amendment.)
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To: SeekAndFind

Texas offers the best and most rugged example of that can-do American spirit.

Which is why it must be flooded with Illegal Immigrants and that culture can precedence.

Texas' biggest weakness is being right next to Mexico. The Democrats don't have to conquer the Texas spirit. They just have get the illegal Mexicans, in what Ubama called "a Majority Coalition".

A Coalition of Takers.

8 posted on 09/26/2012 6:02:17 AM PDT by KC_Lion ( Wherever I find myself standing, I forever stand with Israel.)
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To: txrefugee
I take exception to the “Texas has terrible weather” comment. I will agree that our summers are long and hot or VERY hot. But the rest of the year can be and often is spectacular. While the northern states are shoveling snow Texans are fishing/hunting, playing golf/tennis or BBQing outside in perfect weather. WE are just going into that wonderful part of the year and I am ready for it! :)
9 posted on 09/26/2012 6:06:49 AM PDT by Ditter
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To: SeekAndFind

“Although Texas legislators did confront a budget squeeze a few years ago, the booming economy has provided Austin with plenty of fiscal room to maneuver,...”

The economy boomed BECAUSE the legislature constrained the govt and squeezed the budget a few years ago. I have a relative who is a Texas teacher who was crying bloody murder and doom and gloom due to the cuts.

The journo’s still don’t or won’t get it.


10 posted on 09/26/2012 6:11:11 AM PDT by LaserJock
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To: SeekAndFind
Texafornia is here. We have all the symptoms.

A tea party conservative governor (fraud) who engages in taxpayer funded corporate welfare riddled with fraud, waste and abuse and who works with the state legislature to abuse millions of taxpayer dollars to pay for higher education for illegals.

State agencies under the control of the governor that spend like there's no tomorrow and give over the top pay raises to their executives (TXDOT).

Local governments that keep pushing and strong arming multi- million dollar school bonds that routinely pass and then spent on unneeded infrastructure, sports programs and hiring unneeded overhead.

Yeah, we have it all- great weather, great barbeque, professional high school football, a steady stream of Kahleefornia liberals and illegals to turn us into a third world state, increasingly higher property taxes and toll roads with increasingly higher fees (road tax) to keep those 'freebies" comin'. Come on down and help us build Xanadu. /s

11 posted on 09/26/2012 6:34:32 AM PDT by TADSLOS (Conservatism didn't magically show up in Romney's heart in 2012. You can't force what isn't in you.)
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To: SeekAndFind

12 posted on 09/26/2012 6:38:17 AM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: SeekAndFind

Dear blue state Conservatives,

Please relocate now to a swing state. Texas is already red
enough. No need to come here. If you live in California, try
Aspen or Vail Colorado. You’ll feel right at home with all
the celebrities there. Colorado residents love California
immigrants. If you live in New York, try Florida. Most New
Yorker’s end up there anyway. If you can’t take the Florida
summer heat, move half way back to New York and stop in
North Carolina. They love “half-backs” there. Everybody else
move to Ohio.

Thanks for your cooperation.
Have a nice day,

Texas


13 posted on 09/26/2012 6:46:55 AM PDT by NeverForgetBataan (I am become Barry... destroyer of wealth)
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To: Ditter

The hot hot weather is 2-3 months. It just seems longer.


14 posted on 09/26/2012 6:51:56 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: SeekAndFind

Property taxes have risen sky high so much so that I’m scared I may have to move. They’ve jumped to over 500% of what we were originally paying. FIVE HUNDRED PERCENT. I blame it on the libs moving in from CA and the north.


15 posted on 09/26/2012 7:05:51 AM PDT by bgill
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To: bgill

RE: Property taxes have risen sky high so much so that I’m scared I may have to move

Where to?


16 posted on 09/26/2012 7:15:34 AM PDT by SeekAndFind (bOTRT)
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To: bgill

Certainly seems like all the outsiders want more and more social programs. IMO we do need to get rid of Dewhurst and Strauss who keep pushing the money envelope. There are lots of things the Legislature could do which would end up reducing our property taxes, like get rid of the Robin Hood concept for funding schools, cut out all the ESL classes, tell the schools to get rid of all their administrators except one per school or no funding. Certainly assess and collect hefty fines from businesses that hire illegals and filling jobs with people now on the government dole would reduce unemployment.


17 posted on 09/26/2012 7:22:58 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: SeekAndFind

That’s the problem. There is no where to. The where to is just as bad or worse. Frankly, I’m at a loss and have no idea which way to turn.


18 posted on 09/26/2012 7:35:43 AM PDT by bgill
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To: tatown

This summer was nothing compared to last year’s.


19 posted on 09/26/2012 7:37:12 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: dfwgator

I agree. We arrived in early July 2011 and the heat was stunning. lol


20 posted on 09/26/2012 7:38:49 AM PDT by tatown ( FUMD, FUAC, and FUGB)
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To: Grams A

Agreed. It’s the school taxes that are killing us. They’re out of control. Spending money hand over fist like there’s no tomorrow and dumbing the students down every year. I’ve seen those ELS classrooms and it’s nothing but playtime. Literally, playtime. Outside playing football. Just because they’re illegal, doesn’t mean they don’t already speak English. Back in my day, we had one principal and an office secretary. Today, they have a principal, three vice principals, 2-3 counselors, a registrar, 4-5 secretaries, a couple others who babysit troubled or lazy kids, etc. Back in my day, we had one teacher per room with 35-40 students (iirc, 42 was the limit). Today, every teacher has to have an aide because she can’t handle a class of 17.


21 posted on 09/26/2012 7:45:12 AM PDT by bgill
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To: bgill

That’s what’s ridiculous, I say you can achieve the same level of education if you got rid of the 90% of the School District staff. When did it get so difficult to have classes of more than 30 students...my teachers didn’t have aides, that’s for sure.


22 posted on 09/26/2012 7:50:12 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: bgill

Guess we “back in the old days” folks just have too many ideas that just won’t work any more. Get tired of being told I don’t understand. They are right that things are different now. I went to a small one-room school house with 38 kids from grades 1 to 8 and only one very capable teacher who put up with no nonsense. Certainly one of the benefits was that all the students could hear what was being taught to each level and so had everything repeated a whole lot of times. As a result, I had a very good base education which I have never forgotten.

I would suspect that there are very few teachers out there who are actually capable of filling my grade school teacher’s shoes.


23 posted on 09/26/2012 8:03:19 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: NeverForgetBataan

Amen and amen.


24 posted on 09/26/2012 8:07:25 AM PDT by Jedidah
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To: smokingfrog

More like four or five. Come on, it’s the end of September and it’s 91 degrees outside.


25 posted on 09/26/2012 12:21:56 PM PDT by Melas (u)
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To: Melas

Perfect fishing weather.


26 posted on 09/26/2012 3:13:55 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: smokingfrog

Going on Saturday if the weather holds.


27 posted on 09/26/2012 6:00:28 PM PDT by willyd (Don't shoot, we're Republicans!)
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