FOR IMMEDIATE RELEASE 04/03/2015
TEXAS HOUSE PASSES CONSERVATIVE BUDGET
Earlier this week after almost continuous 18 hours of debate, 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 for the next two years. The Texas House budget dramatically reforms state government through increased transparency, and addresses the needs of our growing state while staying below two different constitutional spending caps. HB 1 invests significant resources in public schools, boosts formula funding for higher education, invests additional general revenue in transportation, and promotes border security and public safety. Additionally, HB1 accomplishes this by limiting overall spending growth to less than what is necessary to account for population and inflation increases.
The below chart illustrates biennial "All Funds" appropriations since fiscal years 2008–09. The figures also adjust current and historical appropriation totals into 2008–09 dollars based on compounded population and inflation growth. All Funds expenditures increased by 21.9 percent from 2008–09 to 2016–17 biennia, but decreased 5.3 percent after adjusting for population and inflation.
Fiscal Biennium Unadjusted Adjusted for Population/Inflation
Amount Percentage Change Amount Percentage Change
2008-2009 $172.131 billion N/A $172.131 billion N/A
2010-2011 $187.517 billion 8.9% $175.830 billion 2.1%
2012-2013 $190.755 billion 1.7% $165.695 billion -5.8%
2014-2015 $202.083 billion 5.9% $166.154 billion 0.3%
2016-2017 $209.785 billion 3.8% $162.972 billion -1.9%
*Source: Texas Legislative Budget Board
Murr explained, "Approving a state budget is one of the important constitutional obligations of our state legislature every two years. Passing HB 1 with a vote of 141-5 demonstrates that this budget was thoroughly vetted with input from all state representatives. I look forward to working with members of the Senate to finalize this conservative budget."
Following this week’s vote, HB 1 now heads to the Texas Senate. When the Senate passes their proposed budget, which is expected to contain changes from the House version, HB 1 will head to a conference committee composed of several members from each chamber to hammer out specific differences. Following the conference committee’s work, the final budget will be submitted to both the House and Senate for final approval for before being sent to the Governor.