EnergyOver 150 Companies Sent Inquiries About Fossil Fuel-Boycotting Investment Funds, Comptroller Says
This second round comes as the comptroller looks to narrow down a list of companies from which to pull any state investments.
This second round comes as the comptroller looks to narrow down a list of companies from which to pull any state investments.
The decision from the State of Texas comes as the Russian invasion of Ukraine moves into its second week.
A proposed change in how the state collects and compiles data about an economic development incentive program spurred criticism.
A global push for banks to cease business with traditional energy companies has drawn a rebuke from 15 state finance officials.
Since the pandemic's onset, the Texas economy has rebounded but still struggles with staffing shortages across many industries.
The City of Taylor and Williamson County announced their support for the project at a joint meeting on Wednesday.
As commerce picks up, Texas' fiscal projections have steadily improved with previously projected shortfalls now gone or seriously reduced for the next biennium.
The Texas legislature has one constitutional mandate every session: to pass a balanced budget.
Commerce in Texas remains downtrodden due to the pandemic but continues its modest improvement compared with previous months.
The dire fiscal straits projected last July have improved substantially, but the Texas comptroller still projects a nearly $1 billion shortfall at the end of this biennium.
The legislature cannot appropriate higher than a seven percent increase in general revenue spending for the next biennium when the body convenes in January.
November's sales tax collections show stronger consumer spending levels, but still indicate a long road ahead when the legislature convenes in January.