Texas’ finances not as rosy as they seemed
14 years, 1 month ago

Texas’ finances not as rosy as they seemed

LA Times  

The lecturing from Texas leaders about how California wouldn’t be in such a budget mess if its politicians did business the way it is done in Austin has been relentless for years. Now, however, “someone just turned the lights on in the bar, and the sexiest state doesn’t look so pretty anymore,” said California Treasurer Bill Lockyer, with evident satisfaction. “It’s going to be a tough time for us,” said Rep. Warren Chisum, a Republican from a rural Panhandle district that would be particularly hard hit by the education cuts. “There is no indication that there is going to be a robust economic rebound,” said Talmadge Heflin, a former Republican lawmaker who now runs the Texas Public Policy Foundation’s Center for Fiscal Policy. “People shouldn’t be fooled by what is going on here.” Texas lags far behind California in major research universities, patents produced, high-tech infrastructure and venture capital investment, according to the Missouri-based Kauffman Foundation.

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Texas booming but lawmakers warned of economic ‘uncertainty’
6 years, 2 months ago

Texas booming but lawmakers warned of economic ‘uncertainty’

Associated Press  

AUSTIN, 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 …

WHAT’S HAPPENING: Harvey damage testing Texas infrastructure
7 years, 6 months ago

WHAT’S HAPPENING: Harvey damage testing Texas infrastructure

Associated Press  

HOUSTON — The damage Harvey wrought on Texas is testing the state’s infrastructure like never before, challenging regulators, politicians and others on several fronts in the hurricane’s aftermath. A look at what’s happening: DIRTY WATER Experts say wastewater treatment plants sprawled across Houston and Southeast Texas are facing unprecedented challenges, with ramifications for human safety and the environment well after …

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