The Texas legislature convenes today for its 87th regular session with only 140 days to complete its business.
To pay off existing debt, the city approved a property tax rate increase and while authorizing a $20 million spending increase. The overall budget decreased two percent due to fewer capital improvement plans.
In light of months of depressed tax revenues and an estimated $4.6 billion deficit, the state is looking at cutting a tiny portion from its $250 billion biennium budget.
The Harris County Commissioners Court did not make a final decision on next year's property tax rate, but are considering four options — three of which will raise taxes.
In its meeting on Tuesday, Tarrant County Commissioners accepted an extension of the mask order until August 31 and got a preview of next year's budget based on the current tax rate.
The request sent to most state agencies anticipates a shortfall in the state's revenue due to the coronavirus pandemic and government-mandated lockdown.
The Texas House Freedom Caucus announced its "Texas Wastebook" project aimed at highlighting, and then eliminating, wasteful spending.
Texas could face a significant revenue shortfall that would disrupt the ability of the state government to fund its $248 billion biennial budget.
The OMB budget proposal serves as a guide to Congress for what the president would like to see instituted. The last time Congress passed a budget before the fiscal year deadline was 1996.
The budget deal now moves to President Trump's desk for signature as Congress heads back home for August recess.
A proposed amendment by Rep. Thomas Massie (R-KY) to rename the bill “Kick the Can Down The Road, and for Other Purposes” failed with a vote 384-47.
The Tea Party's signature policy success faces its potential demise as the Trump Administration agrees to a big-spending budget deal with House Democrats.
Texas' 2020-2021 biennium budget is awaiting Governor Greg Abbott's signature and is the only piece of legislation that must be passed each session.
Texas ramps up its planned spending for the 2020-2021 biennium budget as the overall trajectory of government spending continues to increase.
The "Big Three" said they are close to delivering on a property tax reform promise, but it must come with a sales tax increase.
