Sunshine review??.....lol... +++++++++++++++++++++++++++++++++++++++++++++++++++++++++
As of July 11, 2010, however, the state faced a budget shortfall of up to $18 billion dollars.
Texas is feeling the effects of the economic downturn. Taking all state revenue sources into account, the state is expected to collect $167.7 billion in revenue for all state funds in 2010-11."[3] Revenue will not reach that level, and lawmakers have called for budget cuts.
The state faces a budget gap for the 2012-13 biennium and it has been estimated to be as high as $18 billion. The legislature will face the issue when it next meets in January 2011.[2]
The very next two sentences are:
Gov. Perry announced $1.2 billion in cuts in May 2010. "Every penny we save now in the 2010-11 biennium is one penny closer to balancing the budget in the next legislative session," Perry said in a statement.There's no debate that we face a budget shortfall at the end of this biennial budget. However, we will not enter into the next biennial budget with a shortfall. We will balance our budget.
My beef with these articles (not with you) is that the authors imply that Texas has serious financial problems that will continue into the years ahead and are as bad as the finanical troubles of California. Texas is not facing bankruptcy, considering asking the federal government for a bailout, or issuing IOU's. To compare the Texas budget with California's is partisan propaganda.