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.
