Tuesday, January 12, 2021

Legislative Session Begins, Tasked With Writing $113 Billion Two-Year Budget

[#TexasPolitics365]
 

Texas State Legislators assemble in the Capitol building in Austin today to hash out a 2-year budget and examine hundreds of proposals for legislation.

They will have more leeway than expected and their 2-year budget, with the state treasurer saying that it must come within the realm of $113 billion, which is better than feared at the depths of the pandemic this summer, reports the Texas Tribune.

Texas State Comptroller Glenn Hegar also announced a nearly $1 billion deficit for the current state budget that lawmakers must make up, again, a significantly smaller shortfall than the $4.6 billion one Hegar expected over the summer. 

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