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ArtikelClosing the Gap; The Texas Budget  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8735 (May 2011), page 45-46.
Topik: State Budgets; Politics; State Government
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.66
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelThe Texas legislature meets for just 140 days every other year. The schedule is an artefact of the state's agrarian days, and it leaves little time for tackling the big issues. As the session comes to an end, the capitol is often aglow with late nights and high feelings. But this was mere background to the drama over the state budget. As the session opened in January the state faced a $27 billion shortfall for the 2012-13 biennium, or roughly a quarter of the state's projected general-revenue spending over that period. The comptroller, Susan Combs, had estimated that Texas would collect $77.3 billion in funds available. But $4.3 billion of that would have to go to cover a shortfall in the current budget cycle, which developed after the downturn caused the state to collect less money than it had expected. How to close a $27 billion shortfall? With a bit of luck, some creative accounting, and harsh cuts.
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