The Texas Legislature did not meet in 2010. The expenditure and revenue forecasts for the next biennium budget project a shortfall of $11 to $15 billion. The projected shortfall exceeds the $8 billion "rainy day" fund and will require hard decisions about reducing spending and making revenue adjustments. The president of the Texas Taxpayers and Research Association noted, "good money management is not always good politics and vice versa."
The Texas Legislature did not meet in 2010. The expenditure and revenue forecasts for the next biennium budget project a shortfall of $11 to $15 billion. The projected shortfall exceeds the $8 billion "rainy day" fund and will require hard decisions about reducing spending and making revenue adjustments. The president of the Texas Taxpayers and Research Association noted, "good money management is not always good politics and vice versa."
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