Texas Comptroller Makes History, Rejects Budget Proposal

Albanese, Elizabeth
June 2003
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p4
Trade Publication
Texas Comptroller Carole Keeton Strayhorn on June 19, 2003 refused to certify a $117.4 billion budget proposal for the 2004-2005 biennium, telling lawmakers to fix a $185.9 million gap between revenues and expenditures by the end of the current fiscal year on August 31, 2003. This is the first time in the state's history that a Texas comptroller has refused to approve the budget bill written by the Legislature. State law mandates that lawmakers have a budget in place by the beginning of each fiscal biennium. Strayhorn announced her decision just days after Perry put pressure on the comptroller's office to certify the budget before June 22, the deadline the governor set to sign or veto all legislation proposed by the Legislature.


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