Sunday, February 14, 2010

DiigoNotes - The Last Time Around

    • The Last Time Around
    • by Julian Aguilar
      February 10, 2010
    • Texas lawmakers are expecting to find a hole in the state budget — anywhere from $11 billion to $17 billion, maybe even more — when they return to Austin a year from now. That’s the worst forecast since 2003
    • Precipitious drops in revenue, including several months of double-digit decreases in sales tax receipts — which represent about 57 percent of the state’s total tax haul — have prompted Gov. Rick Perry, Lt. Gov. David Dewhurst and House Speaker Joe Straus to ask state agencies for 5 percent cuts.
    • “Well, they cut Medicaid and CHIP (the Children’s Health Insurance Program), and otherwise they pretty much balanced it on the backs of other people,” said Eva DeLuna Castro, a former analyst at the Comptroller's office and now a budget analyst with the Center for Public Policy Priorities. “The Medicaid and CHIP cuts — I mean, that is hundreds of thousands of children losing healthcare.”
    • if I had one warning for this [upcoming] Legislature, it would be: Go for substance, not window dressing.”
    • Even the 5 percent cuts already requested will be easier said than done, says DeLuna Castro. “There’s not a lot that Texas does that’s optional. That’s what they're going to find out when they get the descriptions of the cuts. We're not really doing much that’s fat or duplicative or unnecessary. Everybody needs something that a state agency provides.”
    • size of the Rainy Day Fund,
    • Going in to the 2011 session, it'll be somewhere around $8 billion dollars.”

Posted from Diigo. The rest of my favorite links are here.

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Everything posted on Miguel Guhlin's blogs/wikis are his personal opinion and do not necessarily represent the views of his employer(s) or its clients. Read Full Disclosure