'Herculean' Task in Texas

Albanese, Elizabeth
April 2003
Bond Buyer;4/4/2003, Vol. 344 Issue 31608, p1
Trade Publication
Texas Comptroller Carole Keeton Strayhorn on April 3, 2003, suggested $1.8 billion of additional budget cuts and ways to boost revenue that lawmakers can use to close a predicted $8.1 billion revenue shortfall for the upcoming 2004-2005 biennium. The report comes just two days after the House Appropriations Committee unveiled a $117 billion spending plan that cuts programs back $7 billion from current cost levels. If lawmakers do consider a video lottery for Texas, they would join a host of other states such as Massachusetts, South Dakota, Maryland, and Delaware that have considered or recently turned to video lottery, slot machines, and other gambling operations to raise money during the current legislative sessions. The article goes on to discuss other suggestions offered by the comptroller to close the budget gap.


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