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What Texas Can't Buy with $54.1 Billion

  

Author:
Eva DeLuna Castro /(512) 320-0222 x 103

March 10, 2003

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The 2003 Legislature learned in mid-January that it should only expect $54.1 billion in General Revenue-related funds for 2004-05. If legislators are unwilling to create new revenue sources or tap the Rainy Day Fund, they will have to decide what "nonessential" items in the 2002-03 budget ($61.5 billion in General Revenue) will be slashed.