News Article

Texas Starts Budget Debate Flush With Energy Boom Cash

Via bloomberg.com » Submitted On Tue, 01/08/2013 - 1:26pm by Dakota

Legislators in Texas, the biggest energy producer among U.S. states, will begin deliberating its next two-year budget with a surplus forecast today to match an $8.8 billion record set in 2007. The Texas economy has topped budget projections over the past 15 months, as booming energy output fueled job growth and an 11 percent fiscal first-quarter gain in sales-tax receipts, the biggest source of general-fund revenue.

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