Originally posted by: Wreckem
Originally posted by: heyheybooboo
The Texas State legislature took off their socks and shoes and still couldn't come up with enough fingers and toes to account for the $3.5 billion state budget deficit.
From the
Texas Municipal Leage:
Texas has long failed to make adequate investments in public infrastructure to keep pace with our rapidly growing population. In the latest assessment by the American
Society of Civil Engineers, Texas earned dismal grades for the condition of its public infrastructure.
Without Dubs funneling all of that extra education money in there Texas may have to raise that 8.25% sales tax limit.....
1. Education is funded by mostly property taxes.
2. The state sales tax is 6.25%, localities have the ability to add on another 2% for their needs.
3. Texas doesnt have a budget deficit. They have a tax revenue shortfall, unlike other states we don't spend $20billion more than we have. We make budget cuts. However we also have IIRC ~$9billion in the rainy day fund.
4. Obama is funneling more money into Texas than Bush did.