FOR IMMEDIATE RELEASE 04/01/2015
TEXAS HOUSE OF REPRESENTATIVES ADOPTS FISCALLY RESPONSIBLE TWO-YEAR STATE SPENDING PLAN
Rep. Parker Supports Spending Plan that Will Increase Border Security, Road and Education Funding
(Austin, Texas) Today, the Texas House of Representatives passed House Bill 1 and took an important step toward finalizing a budget that will be balanced and fiscally responsible. The Texas House was able to adopt the final product after nearly 18 hours of debate, and consideration of more than 300 floor amendments. The amended version of the bill passed on a record vote with an overwhelming majority of support.
“I am extremely proud of the budget that was put forward by my colleagues today,” Parker stated. “Adopting a two-year spending plan is the most critical task that state lawmakers undertake every session. Our plan includes funding increases for top priorities for all Texans and maintains our long standing history of fiscal discipline.”
The House proposed budget, HB 1, increases the state’s investment in border security, public school funding, and highway construction. Additionally, HB 1 leaves room for billions in tax relief, which the Texas House will take up later this session, preserves the state’s rainy day fund and holds the overall state budget increase to less than two percent per year. The spending plan also increases budget transparency by ending the diversion of state highway funds from road construction and keeps more taxes being invested for their intended funding purposes.
HB 1 now heads to the Texas Senate. When the Senate passes their version, HB 1 will head to a conference committee between the two chambers, who will then finalize a state budget for each chamber’s approval.
Serving in his 5th term in the Texas Legislature, Representative Parker is focusing his efforts on economic development, job creation, strengthening border security, promoting fiscally responsible government spending, providing a strong education system, enhancing public safety and protecting family values. Representative Parker is the current Chairman of the Investments and Financial Services Committee. He also serves on the Ways and Means Committee, the Redistricting Committee and the Select Committee on State and Federal Power and Responsibility.