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Prudent Stewardship of the State's Budget

  

Authors:
Eva DeLuna Castro /(512) 320-0222 x 103
Dick Lavine /(512) 320-0222 x 101

November 28, 2006

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The Speaker has projected $15.5 billion in “surplus funds” for the 2008-09 budget cycle. If “surplus” means “more than we had,” the Speaker may be right. If “surplus” means “more than we need,” then, as this Policy Page explains, we do not have a surplus at all; we are $3 billion short.