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Boom: Energy cash influx leads to a state budget surplus in Texas
Hotair ^ | 01/08/2013 | Erika Johnsen

Posted on 01/08/2013 11:51:14 AM PST by SeekAndFind

Edited on 01/08/2013 12:02:41 PM PST by Admin Moderator. [history]

Legislators in Texas, the biggest energy producer among U.S. states, will begin deliberating its next two-year budget with a surplus forecast today to match an $8.8 billion record set in 2007.

As the taxable value of oil produced in Texas surged to $39.1 billion in 2011 from $18.4 billion in 2009, the state led the nation in employment gains, adding about 700,000 jobs, according to data compiled by Bloomberg. The state unemployment rate has tumbled to a four-year low of 6.2 percent. Oil and natural-gas drilling rigs more than doubled by mid-2012 compared with two years earlier, and the industry’s workforce climbed 9.2 percent, Combs said.


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


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Texas
KEYWORDS: budget; energy; surplus; texas

1 posted on 01/08/2013 11:51:23 AM PST by SeekAndFind
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To: SeekAndFind

President James Richard Perry sounds about right!!


2 posted on 01/08/2013 11:58:19 AM PST by Sacajaweau
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To: Sacajaweau

This was the Senior moment that caused Mr. Perry to LOSE the Presidency:

http://www.youtube.com/watch?v=EwG67GpJ63E


3 posted on 01/08/2013 12:00:50 PM PST by SeekAndFind
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To: SeekAndFind

Texas is slowly becoming the Israel of the West.

We should use the surplus to build a border wall along the northern and southern border. Keep out the refugees.

SnakeDoc


4 posted on 01/08/2013 12:04:04 PM PST by SnakeDoctor (Come and take it.)
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To: SeekAndFind

Whoo hoo. We are making plans to move to Texas in the next year and know of other friends who are planning the same a bit farther out.


5 posted on 01/08/2013 12:04:36 PM PST by MarMema (eh.)
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To: SeekAndFind

Stupid Texas rednecks...don’t know nothin’ about budgets.


6 posted on 01/08/2013 12:04:36 PM PST by Milton Miteybad (I am Jim Thompson. {Really.})
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To: Milton Miteybad

Buy fire fighting aircraft with some of the money and lease out the planes.

We learned from Obama that he will not lift a finger to help Texas.


7 posted on 01/08/2013 12:43:44 PM PST by EQAndyBuzz (Want freedom? Think WWRRD? Then do it.)
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To: SeekAndFind

God blessed Texas!


8 posted on 01/08/2013 2:10:21 PM PST by MomofMarine
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To: MarMema

No one should ever move to Texas. All the smart people are moving to Louisianna or Oklahoma. Or Alabama where they play real football. Texas is nothing but desert and uneducated rednecks. The weather is only extreme drought or flood, never pleasant. Everyone, stay home! or move to different state! Heed my warning. Do not move to Texas!


9 posted on 01/08/2013 2:21:12 PM PST by 1riot1ranger (OMG!!! ObamaMustGo!)
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To: MarMema

http://dallas.craigslist.org/search/rea?query=denton&srchType=A&zoomToPosting=&minAsk=99999&maxAsk=350000&bedrooms=3&hasPic=1


10 posted on 01/08/2013 3:03:52 PM PST by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: SeekAndFind

At some point the state of Texas will become self sefficent that they can tell the Federal government to “ stuff it “ and tell the Federal government that the state of Texas has it’s own money.


11 posted on 01/08/2013 6:50:15 PM PST by American Constitutionalist
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To: SeekAndFind

Looks like Omuslim could use some budget advice from Rick Perry.


12 posted on 01/08/2013 7:10:03 PM PST by patriot08 (NATIVE TEXAN (girl type))
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To: 2ndDivisionVet

Wow thanks. I never thought about looking there....


13 posted on 01/09/2013 11:55:19 AM PST by MarMema (eh.)
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