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2020 Real Texas Budget: The State of Texas’s Spending

12/10/2020

 
The Real Texas Budget provides an overview of government spending from 2004-05 to 2018-19. It demonstrates the need for reforms to restrain the growth of government spending and increase budget transparency.

​Key points:
  • Over the last 16 years, Texas state spending has increased faster than the pace of population growth plus inflation, at the excessive cost of $33.1 billion to taxpayers, or almost $2,300 for a family of four annually, on average
  • The Real Texas Budget demonstrates the need for government spending restraint and an improved budget process.
  • Legislators should pass a Conservative Texas Budget in 2021, holding any growth in initial appropriations of all funds to less than population growth plus inflation of 5% to $246.8 billion, excluding explicitly related COVID-19 funds.

https://www.texaspolicy.com/2020-real-texas-budget-the-state-of-texass-spending/

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    Vance Ginn, Ph.D.
    ​@LetPeopleProsper

    Vance Ginn, Ph.D., is President of Ginn Economic Consulting and collaborates with more than 20 free-market think tanks to let people prosper. Follow him on X: @vanceginn and subscribe to his newsletter: vanceginn.substack.com

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