Texas booming but lawmakers warned of economic ‘uncertainty’
Associated PressAUSTIN, Texas — Texas’ top financial official said Monday that unsettled trade policy by the Trump administration and economic “uncertainty” is clouding the spending picture as returning lawmakers face costly expenses including a public school funding overhaul and Hurricane Harvey’s aftermath. Lawmakers will essentially have $9 billion more than under the state’s current budget, which was written in 2017 during a highly contentious session that was overshadowed by a failed “bathroom bill” targeting transgender people and one measure empowering local police in Texas to ask people about their immigration status. He also said he did not believe President Donald Trump’s proposed border wall, if built, would have a negative economic impact on Texas. “The first thing you need to do is fund what we’re doing now, and not start looking for cutting taxes with the money that’s coming in,” said Dick Lavine, a fiscal analyst for the left-leaning Center for Public Policy Priorities.
History of this topic
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