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No Surplus: Revenue Gap Larger Than Many Think

  

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

January 10, 2005

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The state comptroller today announced that Texas will have $64.7 billion in General Revenue available to spend in 2006 and 2007. This is at least $7 billion short of the amount needed to sustain current programs and restore services cut last session, like Medicaid and children's health insurance. Even more money would be needed to improve such vital services as child protection and public education or to fund local property tax reductions.