Of Note

Register Today for the 2010 Hobby Policy Conference The 2010 William P. Hobby Policy Conference is coming to the Austin DoubleTree Hotel September 23 & 24. Register today!
> more Texas Voice for Health Reform Looking for CPPP's work on national health reform? Do you want to know what the new federal health care law means for you? You can see our latest health reform public education powerpoints here and find out how to get a presentation in your community here. Join our email list to stay updated on health reform implementation in Texas!
> more What Does It Really Take to Get By in Texas? It’s been well documented that the federal poverty level doesn’t accurately measure today’s cost of living. But what does it really take to get by in Texas?
> more Problems Enrolling in Public Benefits? If you or someone you are helping is having problems enrolling for benefits through Texas' new eligibility system, please let us know.
> more

Home >> Research >>
Warning: mysql_result() [function.mysql-result]: Unable to jump to row 0 on MySQL result index 3 in /home/vg002web00/76/22/2002276/web/research.php on line 116

More Information

Related Topics

• Building Texas: The 2008 Tax and Budget Primer
• CPPP's Letter Brief to the Attorney General on School Property Tax Abatements Under HB 1200
• Comments on Proposed Rules Relating to Tax Code, Chapter 313; 34 TAC §§9.1051 - 9.1058

Also by Dick Lavine

• A Balanced Approach to Meeting the Needs of Texas
• A Tale of Two Deficits: How to Close Texas’ Short- and Long-Term Revenue Shortfalls
• The Benefits of a State Personal Income Tax

Special Session Tax and School-Finance Package Creates $10.5 Billion Deficit

E-Mail This Article

Author:
Dick Lavine /(512) 320-0222 x 101

May 15, 2006

Read Full Article >>  

The fiscal notes for the tax and school-finance bills passed during the special session reveal a gap of $10.5 billion between the expected costs of HB 1 and anticipated revenues from HB 3, 4, and 5 in 2008-09. This deficit will place tremendous pressure on the next state budget, which could cause severe budget cutbacks, an increase in the state sales tax or other state taxes, an expansion of gambling as a source of revenue, or all of the above.