Texas Insider Report: AUSTIN Texas Today Lt. Governor David Dewhurst issued the following statement regarding the Senate Finance Committees budget proposal for FY 2012-2013:
I want to extend my heartfelt appreciation to Senator Steve Ogden and the Senate Finance Committee for passing a balanced budget proposal for FY 2012-2013 that includes a historic $11-billion cut from current spending while maintaining adequate funding for our priorities.
Although I felt strongly that we should protect the Rainy Day Fund a majority of the Senators came to the conclusion that additional funds were needed to move the budget out of committee. The compromise adopted by the committee restricts the use of the Rainy Day Fund contingent upon lower-than-expected revenue growth.
With total state revenues increasing 10.7 percent year-to-date for FY 2011 I believe we will pass a final budget that lives within our means and protects the Rainy Day Fund so we can balance the budget again in FY 2014-2015.
Texas Insider Report: AUSTIN Texas Today Lt. Governor David Dewhurst issued the following statement regarding the Senate Finance Committees budget proposal for FY 2012-2013:
I want to extend my heartfelt appreciation to Senator Steve Ogden and the Senate Finance Committee for passing a balanced budget proposal for FY 2012-2013 that includes a historic $11-billion cut from current spending while maintaining adequate funding for our priorities.
Although I felt strongly that we should protect the Rainy Day Fund a majority of the Senators came to the conclusion that additional funds were needed to move the budget out of committee. The compromise adopted by the committee restricts the use of the Rainy Day Fund contingent upon lower-than-expected revenue growth.
With total state revenues increasing 10.7 percent year-to-date for FY 2011 I believe we will pass a final budget that lives within our means and protects the Rainy Day Fund so we can balance the budget again in FY 2014-2015.
