Prudent Stewardship of the State's Budget

Share on Facebook    Share on Twitter

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

November 28, 2006

Read Full Article >>  

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.