AUSTIN – The Texas Public Policy Foundation released a paper today by Center for Fiscal Policy Director Talmadge Heflin and Economist Dr. Vance Ginn on Texas’ Article I budget. The paper, Texas Budget Trends in Article I, is the first of six in a series that will examine trends in each article of the Texas Budget.
“The Article I budget should only fund essential government services such that the total budget does not increase by more than population growth plus inflation each session,” said Heflin. “Functions in Article I that increase by more than this key metric should be watched as agencies make their requests and during the legislative process next session.”
“The 2016-17 state budget increases Article I for general government functions by 80 percent compared with an estimated 55 percent increase in compounded population growth plus inflation since the 2004-05 budget,” said Ginn. “This excessive budget trend indicates individual functions that increase by more than this key metric deserve scrutiny each session.”
To read the full report, visit: http://txpo.li/spotlight-budget-trends-in-article-i
The Honorable Talmadge Heflin is Director of the Center for Fiscal Policy at the Texas Public Policy Foundation, a non-profit, free-market research institute based in Austin. In the 78th Session, Heflin served as chairman of the House Committee on Appropriations and navigated a $10 billion state budget shortfall through targeted spending cuts that allowed Texans to avoid a tax increase.
Vance Ginn, Ph.D., is an Economist at the Texas Public Policy Foundation, a non-profit, free-market research institute based in Austin.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.
Vance Ginn, Ph.D.
Free market economist with leanings towards Chicago and Austrian schools of economics. Hard rock drummer. Classical liberal. First gen college graduate at Texas Tech. Hometown H-town. Work at TPPF to find ways to let people prosper. Live the dad life in Round Rock, TX. Views=mine.