Republicans say replacing Ginsburg before election day shouldn't draw comparisons to the blocking of Merrick Garland, Obama's 2016 nominee.
Due to the government's disruption of the economy in light of the pandemic, Texas' fiscal health is worsening after a self-inflicted hit to its purse.
Online purchases increased sharply in June which contributed to a large increase in sales tax revenues remitted by the comptroller in July.
Texas' revenue abundance has shrunk as coronavirus and the oil downturn compressed consumption. Comptroller Glenn Hegar issued a new biennium projection to account for the changes.
After months facing a pandemic and the resulting government-mandated closures, Texas is suffering from tax revenue decreases that have put the state well behind projections.
Due to the pandemic-driven closures and decline in commerce, the State of Texas has brought in about $4 million less in tax revenue as projected through this point in the biennium.
Business closures and stay-home orders have caused Texas' consumption tax revenues to drop significantly. This May, compared to last, brought in $345 million fewer in sales tax revenues.
Texas could face a significant revenue shortfall that would disrupt the ability of the state government to fund its $248 billion biennial budget.
The Texan spoke with two Texas legislators, one Democrat and one Republican, about both their concerns and hopes amid the coronavirus pandemic.
This week — Texas Republicans postpone their state convention, the Freedom Caucus calls on the comptroller, and a state senate race continues to solidify.
The state's Economic Stabilization Fund (ESF) is heavily reliant on severance taxes from oil and natural gas production. The ESF currently has an over $10 billion balance.
After the reforms of the 86th Legislature, local entities have increased their collective debt by $11 billion from the last fiscal year.
August unemployment and job numbers in Texas continue to outpace the United States overall as the overall rate remains steady at 3.4 percent.
The international oil market experienced a brief moment of volatility this week after an attack on a Saudi Arabian oil facility.
Texas remains the nation's leading export state, but the escalating trade war between the U.S. and China has some increasingly concerned about its impact.
