State Budget Passes out of House Appropriations

The House Appropriations Committee passed the committee substitute for HB 1 (state budget) from its committeeTuesday morning.  The budget is expected to be debated on the House floor next Tuesday, March 31st

While the base budget grew over the course of the House budget hearings by $7.4 billion for All Funds ($209.8 billion total) and $5.8 billion for General Revenue ($104.6 billion), there was little change to the overall funding for public education.

The bill still contains approximately $2.2 billion for the biennium (Rider 66 in Article III) for the purpose of improving equity, reducing recapture, and increasing the state share of the Foundation School Program. There is still no mechanism to flow this additional funding, but the legislation will most likely be sponsored by Chairman Aycock in the coming weeks (69 days remain in the 84th Legislative Session). 

There remains a wish list of unfunded programs in Article XI for public education that totals $2.8 billion.  The list includes funding for the Instructional Facilities Allotment ($75 million), the New Instructional Facilities Allotment ($52 million), pre-kindergarten programs ($301 million), and much, much more. 

Chariman Otto stated that this budget is still a work in progress and there are many additional steps in the process that need to be completed.  In the end, the House Appropriations Committee left about $8.4 billion on the table ($2 billion before reaching the spending limit, and then an additional $6.4 billion before reaching Comptroller Hegar’s biennial revenue estimate).  There will also be an estimated $11.1 billion in the Rainy Day Fund. 

We will continue to review the 889 page House Appropriations Committee state budget and have more detailed information to you as soon as possible.  There will most likely also be hundreds of amendments filed prior to next week’s floor debate that we will also be reviewing in the days ahead. 


LBB Summary CSHB 1:

Share This Post
Posted By : Bob Popinski ~ 3/24/2015 4:13 PM
Related Categories: MCA Updates