Bigger in Texas: Sizing Up the State’s Finances

Aug 2, 2024 · Every even-numbered year, the state’s Legislative Budget Board (LBB) publishes a helpful, user-friendly summation of the General Appropriations Act (GAA), otherwise known as …

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Texans’ Priorities: Cut Taxes, Raise Teacher Pay, Expand Medicaid

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5 days ago · With Texas expecting a $24 billion budget surplus, the state’s residents have some ideas about how the Legislature should spend it. Property tax relief for homeowners tops …

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Getting The Numbers Right On Public Education Spending

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Oct 8, 2024 · The LBB, on the other hand, recently reported in its Fiscal Size-Up that the TEA receives only $65 billion. To make matters more interesting, the two bodies have not been …

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The Real Texas Budget: 2018 - Texas Public Policy Foundation

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Sep 24, 2018 · State spending has increased faster than the pace of population growth and inflation since 2004, at a cost to taxpayers of $14.8 billion this biennium, or almost $1,000 …

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FAQs about Bigger in Texas: Sizing Up the State’s Finances Coupon?

How big is Texas' budget compared to other states?

These funds could be used to build a savings account, make bigger rent or mortgage payments, purchase a car or pay for child care. Texas’ surplus is bigger than the entire budget of many other states. Texas’ $32.7 billion surplus is about the size of the budget of South Carolina. It’s larger than the budgets of 24 states. ...

What is a fiscal size-up report?

The Texas Legislative Budget Board (LBB) publishes the “ Fiscal Size-Up ” report after every session to comprehensively review the state’s budget and fiscal actions for the biennium. ...

How much did Texas budget increase in 2024-25?

The 2024-25 biennium saw the largest budget increase in Texas history, driven by a significant rise in appropriations across various areas. The initial appropriations for 2024-25 were $321.7 billion in all funds, a 21.5% increase in state and federal funds from the previous biennium. ...

What if Texas' budget surplus was distributed directly to Texans?

If Texas’ budget surplus were distributed directly to Texans, it could pay for 12 years of school lunches, seven months of rent or 11,000 miles of travel. Here’s how to put the big number into perspective. Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. $32.7 billion. ...

Should Texas spend all of the state's revenue this cycle?

State law and the Texas Constitution already create roadblocks for lawmakers who may be tempted to spend all of the state’s available revenue this cycle, even if it’s for pressing state issues like property tax relief, schools or state workforce, or one-time investments like water infrastructure and broadband. ...

Will Texas Legislature pass a balanced budget?

Passing a balanced budget — one that spends no more than what is expected to be available — is the only thing the Texas Legislature is constitutionally required to do during its regular 140-day session. Lawmakers are expected to pass the budget before the session ends in late May. ...