7/29/2019 Texas Budget One-Pager

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BudgetOne-Pager

UnitedMethodistWomen

GeneralRevenue(Yourtaxdollars)

Forcurrentbiennium,additionalrevenueavailable(surplus)=$8.8billion

Howwillitbespent(payingourexistingbills)? Medicaid$4.7billion

Repaymentofpublicschooldeferral$2.3billion

Wildfires,PrisonHealthcare,etc

Of$8.8billion,$6.8billionIsalreadyspent,leaving$2.2billion

For2014-15,ComptrollerhassaidLegislaturehas$101.4billionavailable

SenateBill1spends$186.8billionAllFunds* 12.4%increasefromlastbiennium House version spends $400 million more than Senate

version,allonMedicaidgrowth

Legislature will have $5.5 billion additional dollars toappropriate.(increasedrevenue+surplus)

RainyDayFund(EconomicStabilizationFund)

$11.8billionbyendofFY15. Howwillthismoneybespent?

o Watero Transportationo Educationo TaxReliefo Other?

Requiressupermajorityvotetospend(100HouseRepresentatives&21Senators)

*AllFunds=Alltherevenuethestatereceives,notjustgeneralrevenue)