LBB Adopts Spending Limit

The Legislative Budget Board adopted the "pay-as-you-go" constitutional spending limit this morning, allowing the rate of growth in appropriations from state tax revenues not dedicated by the constitution to increase from the 2014-15 biennium to the 2016-17 biennium by 11.68%.  

This rate would allow this specific portion of the General Revenue budget to increase by about $10 billion next biennium (from $84.48 billion to $94.26 billion).  The members commented that while this rate allows the Legislature to potentially appropriate additional funds, it by no means binds members to do so. 

Texas Tribune Article on Spending Limit:  http://www.texastribune.org/2014/12/01/analysis-dry-potent-political-charge/

LBB methodology on spending limit attached. 

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Posted By : Bob Popinski ~ 12/1/2014 11:19 AM
Related Categories: MCA Updates