TITLE

In a Long But Not Lost Weedend, Texas Budget Writers Get It Done

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/28/2003, Vol. 344 Issue 31644, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Texas budget writers worked through the holiday weekend to craft a final version of the state's 118 billion dollar budget for 2004. The proposed budget was drafted in the wake of a predicted 9.9 billion dollar revenue shortfall, but legislators managed to close the deficit by making deductions in spending for many health and human service programs, fee increases, payment adjustments, and utilizing the state's 1 billion dollar rainy-day fund. The budget measure increases the state's spending for public education for the coming biennium by 1.2 billion dollar. A proposal that would have allowed the Texas Transportation Commission to issue up to 10 billion dollar of grant anticipation revenue vehicle debt decline during 2003, as did a bill that would have partially funded the Texas Mobility Fund, which was approved by the 2001 Legislature to back bonds for highway projects.
ACCESSION #
9944941

 

Related Articles

  • Oklahoma Teachers Demand Special Session to Address Budget. Williamson, Richard // Bond Buyer;10/18/2002, Vol. 342 Issue 31494, p33 

    Reports the budget deficits in Oklahoma. Request of the educators for relief from growing classrooms and declining services; Retrenchment of teachers; Decrease of revenue collections.

  • Fewer States See Red Ink, Report Finds. Zehr, Mary Ann // Education Week;12/3/2003, Vol. 23 Issue 14, p1 

    The number of states facing budget deficits this fiscal year has decreased dramatically—from 31 states to 10—compared with fiscal 2003, according to a new report from the National Conference of State Legislatures (NCSL). Scott D. Pattison, the director of the Washington-based...

  • Budget Director Takes the Blame Off Illinois FIRST. Shields, Yvette // Bond Buyer;11/6/2002, Vol. 342 Issue 31507, p34 

    Focuses on the contribution of rising health care cost to the budget deficit faced by Illinois since September 11, 2001. Analysis of the factors that would create problems for governors in the 2004 budget; Estimate of the possible increase in deficit by state officials; Support of the state's...

  • Facing Shortfall, Tennessee Searches for $800 Million in Revenue. DeSue, Tedra // Bond Buyer;06/14/2001, Vol. 336 Issue 31160, p3 

    Reports on proposed cuts to health care and education programs in Tennessee. Budget deficit facing the state in 2002; Search for sources of revenues.

  • Advocates nervous as ax hovers. Baker, Sam // Hill;9/12/2011, Vol. 18 Issue 122, p26 

    The article offers information on the briefing event by the Alliance for Healthcare Reform on Capitol Hill to discuss what deficit reduction means for healthcare in the U.S.

  • Philly's Looming Gap. Braun, Martin Z. // Bond Buyer;1/5/2004, Vol. 347 Issue 31793, p37 

    Reports on the multi-million dollar deficit in Philadelphia's fiscal 2005 budget and a projected gap based from officials in the city in Pennsylvania. Blame of officials to the shortfall on increasing pension and health care costs for city workers; Reduction of the city's contribution to its...

  • Governors Seek Controls on Deficit, Health Costs. Olson, Lynn // Education Week;2/10/1993, Vol. 12 Issue 20, p19 

    The article focuses on stringent steps taken by U.S. governors to rein in the federal budget deficit and control health-care cost. The decision by the state leaders to tackle the two issues that are expected to be the U.S. President Bill Clinton Administration's top domestic priorities reflects...

  • KENTUCKY: Special Session Agenda. Sigo, Shelly // Bond Buyer;6/18/2009, Vol. 368 Issue 33134, p9 

    The article reports on the special session called by Gov. Steve Beshear to the lawmakers in Kentucky. It says that the session aims to deal with a $1 billion budget deficit. It also says that the governor urged the lawmakers to solve the budget deficit without raising taxes to maintain the...

  • Services to be axed or rationed as adult social care funding is cut back. Carson, Gordon; Ahmed, Maria; Samuel, Mithran // Community Care;3/9/2006, Issue 1613, p6 

    The article reports on the impact of the budget deficit on social care services in Great Britain. The groups whose social care services will be greatly affected by budget cuts are mentioned. The budget deficits of health councils are cited. The measures that will be undertaken by the councils to...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics