Skip to comments.Economy Grows, Revenues Increase After Texas Slashes Spending
Posted on 01/09/2013 5:33:49 AM PST by bestintxas
The Texas state comptroller estimated Texas will generate $96.2 billion in revenue for the 2014-2015 fiscal cycle and reported Texas collected $8.8 billion more in revenue than expected during the last fiscal year. When unemployment in Texas was at its highest in a decade and the state government faced a $27 billion shortfall in 2011, legislators wrote what was then described as a cut-to-the-bone budget.
And it worked.
According to the Associated Press, unemployment now is at a four-year low of 6.2 percent, sales tax receipts are skyrocketing and money is pouring into state coffers behind a new energy boom.
And while Texas is projected to have more revenue to spend, Gov. Rick Perry and Lt. Gov. David Dewhurst have indicated they would limit any increase in state spending to a sum of population growth plus inflation, or 9.85 percent, to prevent Texas from racking another budget shortfall.
(Excerpt) Read more at breitbart.com ...
Will the leftist blue states take a lesson? Naw-they will just push their tax and spend claptrap and claim it helps the poor and underpriveleged while their states sink further into debt. Pure lunacy but hey, its the new, old abnormal.
Works every time. Unlike socialism, which fails every time.
Unfortunately, we have too many liberal here now, and they are already braying that we have to spend this money and more. I hope there are still enough sane people here to keep them in check!
And economic refugees from high-tax states are moving to Texas, thus reviving the housing market here. Before the end of 2012, three friends in different Central TX cities sold their homes and upgraded to better ones. The job market is definitely improving here as well.
Too bad Rick Perry wasn’t the nominee.. But I guess he wasn’t “pure” enough..
How about that. When you don’t spend more than you take in, life is a bit easier.
That looks like a doubling of production since 2010...
Obama himself said that it isn’t about the revenue; it’s about “fairness.” In other words, punishing the successful. That’s why he would never consider implementing similar fiscal policy. He wants us all to be poor, gray, miserable (but equal) serfs.
July 2009 hit a low of 1.062 Million Barrels per Day (MMBPD)
Jan 2010 = 1.098 MMBPD
Dec 2010 = 1.284 MMBPD
Oct 2012 - 2.100 MMBPD
Share the Wealth ideas always end up implementing Share the Poverty realities.
Not for the GOPe.
If Perry was the nominee. He would have won it in a walk.
Perhaps. But I think this is just another case of White America's Racial Hatred Towards a Black Man in the White House.
Alternatively, it could simply be an example of The Rising Tide of Racism in America(trademark).
Take your pick....
Actually there was some people here who didn’t like for some reason...
Gosh. Now we have a surplus. What’ll we spend it on? (organ music!)