Skip to comments.Boom: Energy cash influx leads to a state budget surplus in Texas
Posted on 01/08/2013 11:51:14 AM PST by SeekAndFindEdited 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 ...
President James Richard Perry sounds about right!!
This was the Senior moment that caused Mr. Perry to LOSE the Presidency:
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.
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.
Stupid Texas rednecks...don’t know nothin’ about budgets.
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.
God blessed Texas!
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!
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.
Looks like Omuslim could use some budget advice from Rick Perry.
Wow thanks. I never thought about looking there....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.