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Analysis: Texas government's shrinking financial buffer

from The Texas Tribune

The message coming out of the state comptroller and various budget wonks in Texas is that a mess of lawsuits could put a serious dent in the state’s tax revenues. That's not as important as the message they're sending to state lawmakers and political candidates who might be in the Legislature next year: Don’t get too spendy. It's hard to hold the line — even for conservative Republicans — if there is a lot of money available. One of the remarkable things about the current batch of officeholders is that they met last year and wrote a state budget that didn't spend all of the money they had available. Then there is the school finance lawsuit that alleges the kinds of large disparities between the state's school districts that cost billions to fix. more

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