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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 345,077 of 345,374   
   useapen to All   
   Texas has nearly $24 billion surplus and   
   14 Jan 25 07:51:46   
   
   XPost: tx.politics, alt.politics.republicans, alt.fan.rush-limbaugh   
   XPost: sac.politics, talk.politics.guns   
   From: yourdime@outlook.com   
      
   AUSTIN — Texas Comptroller Glenn Hegar announced Monday the state will end   
   its current budget with a surplus of $23.8 billion.   
      
   It's not as high as the record $32.7 billion the state had two years ago,   
   but lawmakers will still have a lot to consider as they develop the next   
   two-year budget. That's separate from what's called the state's rainy-day   
   fund, which is projected to have $28.5 billion by the end of the next two-   
   year budget in August 2027.   
      
   In all, lawmakers will have nearly $195 billion dollars in state revenues   
   to spend in the next two-year budget. Over the next 140 days, lawmakers   
   will have to develop and approve their spending blueprint.   
      
   We spoke with lawmakers about the surplus and how they believe the state   
   should spend it. Incoming freshman Representative, Shelley Luther, R-   
   Grayson County, said she is focused on property tax relief.   
      
   "Our property taxes are crazy high in Texas and people are getting taxed   
   out of their homes," said Luther. "You don't own your home in Texas ever.   
   You can pay it off, but if you don't pay your taxes, you don't have a   
   home. We have got to give them some property tax relief immediately,   
   that's first and foremost."   
      
   Representative Salman Bhojani, D-Euless, said he is looking at property   
   tax relief but also making key investments in the state's infrastructure.   
      
   "I think we need to think about long-term and short-term," Bhojani said.   
   "The long-term water infrastructure is in real need of repair and fixing.   
   I think that's going to cost $150 billion in the next 50 years. Our   
   schools are not funded well. They want them fully funded. Our teachers are   
   not getting enough salaries. We need to pay teachers a living wage. Then   
   we may think about giving property tax relief like we did last session."   
      
   There are thousands of bills that will be filed this legislative session,   
   but there's only one bill that is required by the Texas Constitution to   
   pass, and that's the two-year state budget.   
      
   Watch Eye On Politics at 7:30 Sunday morning on air and streaming   
      
   https://www.cbsnews.com/texas/news/texas-has-nearly-24-billion-surplus-   
   and-more-than-28-billion-in-rainy-day-fund/?intcid=CNR-02-0623   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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