Statement on Fiscal Matters and Revenue Estimate

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Scott McCown /(512) 320-0222 x 109

May 18, 2011

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“Today the House takes up fiscal matter bills that will determine whether the Legislature can write a budget in the 12 days remaining in the session.The House should encourage its budget conferees to accept the Senate budget, and the House should make the money available to do so through the fiscal matters bills.

“While the Comptroller’s new revenue estimate makes $1.2 billion more available, the conference committee needs that money plus everything in the fiscal matters bills to fund the Senate budget, allowing the Legislature to minimize damaging cuts to public education, higher education, and health and human services.

“At the end of the day, if the House remains short of revenue to fund the Senate budget, we again call on the House to use more of the Economic Stabilization Fund. The Comptroller’s new revenue estimate forecasts another $300 million available for appropriation, and knowledgeable experts suggests that the fund may grow even more. We urge the House to be open to using the Rainy Day Fund to close a budget deal.”