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    • Budget timeframe: Biennial

      Fiscal Year begins: October 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

      TX Gov. Perry

      Gov. Rick Perry
      Office of Governor Rick Perry
      P.O. Box 12428
      Austin, TX 78711
      Phone: (512) 463-2000
      Fax: (512) 463-5571
      http://www.governor.state.tx.us/

       

       

       

      Governor's Office, Office of Budget and Planning
      P.O. Box 12428
      Austin, TX 78711
      Phone (512) 463-1778
      Fax (512) 463-1880
      http://governor.state.tx.us/bpp/

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Texas is required to pass a "balanced budget." Article II, Section 49 of the 1876 Texas Constitution invalidates an appropriations bill which exceeds the money available in the fund. Article VIII, Section 22(c) states that in "no case shall appropriations exceed revenues." Additionally, the state comptroller is required to provide a report in advance of each regular session detailing the state of the treasury at the close of the last fiscal period, and an itemized list of revenue based on the laws then in effect. Texas law allows the carrying over of a deficit from one year to the next.

       

      Texas caps the rate of appropriations growth.  The current state constitution uses the growth of the state's economy, which is determined by the Legislative Budget Board (run by the Gov, Lt Gov, Speaker and Comptroller).

       

      The general fund, highway fund and permanent school fund are reported as major governmental funds. The general fund and highway fund are budgeted. The CAFR does not make it clear how many of the non-major governmental funds are budgeted. Based on the significant difference between actual and budgeted figures from the State's data sheet, it is most likely that the State budgets only a few of their governmental funds. Budgetary information within the Budgetary Comparison Schedules is also not presented as efficiently as possible since there are around seven non-major funds each year with no "total" columns to accompany them.

       

      The Texas governor has called for stricter state spending caps, the limiting of all state funds excluding property tax relief, the elimination of budget gimmicks including one-time adjustments, and measures to use funds for their originally-intended purpose.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

      TX policy logo

    • Solutions: Texas

      Texas poised to become national model for higher ed reform

      The Austin American-Statesman | by Thomas K. Lindsay | January 14, 2013

      Texas is well-placed to build on existing strengths relative to other states in the areas of tuition costs, student loan indebtedness and civic education requirements. Moreover, our legislators and universities have committed to increasing graduation rates, online learning opportunities and accountability in public higher education.

    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.