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Here is today's Texas Minute.
– Brandon Waltens
Monday, June 7, 2021
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With the state legislature now having adjourned their regular session, many are mourning the death of conservative priorities.
However, there were still some taxpayer victories. One such win was the strengthening of the state spending limit.
Texas’ current constitutional spending limit only applies to state tax revenue not dedicated by the Constitution, which constitutes about half of the total state budget.
Senate Bill 1336 by State Sen. Kelly Hancock [[link removed]] (R–North Richland Hills) will change that. Instead, the bill caps the growth of state spending at the rate of population plus inflation.
An exception is made, however, for “an appropriation to pay costs associated with recovery from a disaster declared by the governor,” as well as funds dedicated to tax relief.
Additionally, the bill would subject all state funds—but not federal funds—to the growth limit.
SB 1336 passed largely on party lines out of the Senate and House, with most Democrats opposing the measure.
Strengthening the state’s spending limit has long been a priority of conservatives. Previous efforts, however, had been thwarted in the legislature.
Gov. Greg Abbott is expected to approve the proposal in the coming days. It will go into effect for the next biennial budget, Fiscal Year 2023-2024
🔒 Donate to Texas Scorecard 🔒 [[link removed]] Number of the Day
517
Days until the November 2022 general election.
[Source: author calculation]
Today in History
On June 7, 1776, Richard Henry Lee of Virginia proposed to the Continental Congress a resolution calling for a Declaration of Independence.
Quote-Unquote
"No taxes can be devised which are not more or less inconvenient and unpleasant."
– George Washington
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PO Box 248, Leander, TX 78646 Produced by Michael Quinn Sullivan and Brandon Waltens, the Texas Minute is a quick look at the news and info of the day we find interesting, and hope you do as well. It is delivered weekday mornings (though we'll take the occasional break for holidays and whatnot).
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