TITLE

Texas Senate OKs $118B Budget, But Comptroller Is Critical

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/1/2003, Vol. 344 Issue 31626, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Texas Senate approved a 117.6 billion dollar budget proposal on April 29, 2003 for the 2004-2005 biennium, but Comptroller Carole Keeton Strayhorn said the spending plan relies on “smoke and mirrors” and jeopardizes the state's financial future. Under the budget plan, about 795 million dollars of the state's fund — currently estimated at 1.14 billion dollars — would be used to overcome Medicaid and other funding gaps. Strayhorn must certify any state budget before it can be enacted. If she refuses to certify a joint budget proposal, legislators would be forced to go back to the drawing board andwrite a new plan.
ACCESSION #
9810671

 

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