Texas Seeks Agency Budget Cuts; S&P Sees Little School Impact

Albanese, Elizabeth
June 2006
Bond Buyer;6/9/2006, Vol. 356 Issue 32399, p3
Trade Publication
The article reports that Texas Governor Rick Perry and the Legislative Budget Board has asked state agencies to cut their budget requests. According to Standard & Poor's Ratings Services, these request will not have a dampening impact on school credits in the state. The Legislative Budget Board has also warned the Legislature that if there is not significant economic growth, there could be substantial shortfall in school fundings. Perry believes that new initiatives such as gross-receipts tax on business will boost economic growth.


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