Celebrating a Conservative Texas Budget

It’s easy to tell who the Texans are in a crowd; you simply shout, “the stars at night, are big and bright”—then wait for about the span of four quick claps.

It’s easy to tell if a budget in Texas is truly conservative—and worthy of the great Lone Star State’s commitment to freedom and prosperity. If the biennial budget grows less than population plus inflation—our formula for a Conservative Texas Budget (CTB)—then it’s a budget that doesn’t grow beyond the average Texan’s ability to pay.

We love budget and tax cuts, of course; the Texas Legislature should take every opportunity to ease the burden on taxpayers, leaving more of their money in their own pockets. Yet the CTB is a useful guideline for lawmakers.

The good news is that both the House and Senate versions of the 2022-23 budget come in well under the CTB level.

This is a big win for Texans (see this thread), and it includes rightfully rejecting funding for Medicaid expansion in the budget, which effectively kills this attempt by the left. There are better, more affordable ways to help those in need rather than just providing government-run coverage that does not result in quality, timely care, as market-based reforms that put patients in charge would do.

There are other conservative policy victories in the budget, as well. It defunds some corporate welfare, it requires proposals of some state agency cuts each session, and it improves the process in determining the use of COVID-19 relief funds from the federal government.

Note that we appropriately don’t count these federal funds in our budget calculations because they haven’t been accepted yet (and much if not all with strings attached should be rejected) and should be used for only one-time expenditures to keep from unnecessarily growing government and then falling into the trap like the state did when the federal funds from President Obama dried up.

Now, some are saying that the budget doesn’t provide additional property tax relief for Texas families. That’s true. But it does preserve property tax relief from the last biennium. This is relief just like it was last session, when $5 billion was allocated toward lowering school district M&O property taxes—which meant taxpayers paid less than otherwise.

The $6 billion in this budget is to fund that same 7-cent property tax rate compression because of rising appraisals across the state. If that $6 billion wasn’t in the budget, then property owners would face a 7-cent tax increase and those funds would go to other programs that grow government.

So, the $6 billion is property tax relief by keeping property taxes and the size of government lower than otherwise—that’s certainly better than the alternative.

The next step in the budget process is for the conference committee on the budget to iron out the differences of a gap of $4 billion more in the Senate budget than the House budget, which the amount of expected federal funds is the main difference. This should include continued spending restraint for actual tax cuts and additional tax relief before the end of session.

There are a few key amendments to the budget by the House that lawmakers should keep, including:

Asking state agencies to provide proposed cuts of 1%, 5%, and 10% each session;
Defunding more corporate welfare; and
Improving federal COVID-19 funds determination.
Overall, this approach to the budget is a key part of TPPF’s Responsible Recovery Agenda that will support more growth, job creation, and economic opportunity in Texas.

It’s never hard to tell who the Texans are in a crowd, and in a crowded legislative session, it’s not hard to tell which budgetary decisions are the right ones. They’re the ones that lead to more freedom and more prosperity for Texans like the Legislature looks poised to do.

https://thecannononline.com/celebrating-a-conservative-texas-budget/