State Sales Tax Collections Hit Monthly Record

December 15, 2011| Legislative News

State sales tax collections for November were the highest recorded in the past decade, surpassing $2.02 billion in August 2008.

State Sales Tax: Collections are Up

September 09, 2011| Legislative News

Sept. 1, 2011 began the fiscal year for the new 2012-13 state budget.

Conferees Adopt HB 1

May 27, 2011| Legislative News

On Thursday, May 26, the House and Senate budget conferees reached a compromise and agreed on HB 1, sending it to both chambers for weekend votes.

SB 2 Provides Additional State Funding for 2012-13

May 27, 2011| Legislative News

At the conclusion of the 82nd Legislature, Regular Session, the issue of public school finance was still unresolved — leaving roughly a $4 billion gap in the state budget for the next biennium (2012-13).

Almost Finalized: Conference Committee Report on HB 1

May 20, 2011| Legislative News

With less than 10 days remaining in the legislative session, the conferees are close to finalizing the 2012-13 state budget.

Budget: Conference Committee to Resolve Differences

May 13, 2011| Legislative News

With two full weeks remaining in the legislative session, the state budget has reached the next stage — appointment of conference committee members from the House and Senate to iron out the differences between the two chambers’ versions of the budget.

Senate Version of Budget Seeks to Restore Some Funding

April 21, 2011| Legislative News

On Thursday, April 21, the Senate Finance Committee voted in favor of SB 1. Out of 15 committee members, only four voted against the bill.

House Adopts State Budget

April 08, 2011| Legislative News

The Texas House voted out the proposed state budget of $164.5 billion by a mostly party-line vote of 98 to 49 on Sunday, April 3.

Dedicated Funds for General Revenue to be Reclassified

April 01, 2011| Legislative News

Pursuant to the Texas Constitution, the Comptroller’s Office must certify that there are sufficient funds available in the General Appropriations Act (GAA) to cover approved spending by the Legislature before the bill is sent to the governor for approval.

Update: House Chamber Takes up State Budget

March 25, 2011| Legislative News

The House Appropriations Committee finalized its version of the General Appropriations Act (CSHB 1) this past week by allocating an additional $8.1 billion in all funds to the baseline House bill.

The State Budget: What Happens Next?

March 18, 2011| Legislative News

The House Appropriations Committee will finalize its version of the General Appropriations Act (HB 1) during the next few days in order to meet various deadlines imposed by the House Rules.

State Budget Reduces Overall Spending by 16.6 Percent

January 21, 2011| Legislative News

Based on the Legislative Budget Board’s (LBB) recommendations, the proposed state budget for the upcoming 2012-2013 biennium cuts spending by 16.6 percent and reduces the number of state employees by 9,610 — including vacancies and actual held positions.

Comptroller Releases State Revenue Estimates

January 14, 2011| Legislative News

Comptroller Susan Combs released the state’s 2012-13 Biennial Revenue Estimate, which anticipates $72.2 billion will be available in General Revenue-Related funds for the upcoming biennium.

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