Texas’ Dire 2011 Budget Estimate Fit Well With Prevailing Politics (Texas Tribune)

January 11, 2013 – Susan Combs, the state’s comptroller, stumbled two years ago, grossly underestimating Texas’ revenues and forcing lawmakers into a belt-tightening mode that probably wasn’t necessary. The word “shortfall” haunted the 2011 legislative session, as lawmakers worked to continue programs and services in the face of a recession and an official forecast that income was suffering. They made cuts. They balanced the budget (if you’re charitable and not very good at arithmetic). And they bragged about it and went home. One reason lawmakers are not screaming at the comptroller is that her lowball forecast two years ago was politically helpful to a legislature elected in a conservative sweep in 2010.

Link to Full Article: http://www.texastribune.org/2013/01/11/comptroller-who-cried-shortfall/?utm_source=texastribune.org&utm_medium=rss&utm_campaign=Tribune%20Feed:%20Stories

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s