FOR IMMEDIATE RELEASE 01/18/2017
Texas House of Representatives Unveils 2018-2019 Biennial Budget
AUSTIN – On Tuesday afternoon, the Texas House Leadership unveiled the basis for what will be the 2018-2019 biennial state budget. The budget will increase resources for Child Protection, Mental Health, and Public Education while only increasing overall spending by less than 1%.
It prioritizes the obligations of the state while maintaining a fiscally conservative soundness during the recent economic slowdown. It is balanced, does not raise taxes, or take money out of the Rainy Day Fund, which is projected to have a balance of $11.9 billion by the end of the next budget cycle.
"I believe it is a good start and will produce thought provoking discussion as it moves through the process towards a final budget. This budget will address the needs of the most vulnerable in Texas, as well as increase funding for our public school system, while maintaining fiscal prudence. It is a conservative budget that keeps spending low while making necessary investments in the well-being of our state," said Representative John Wray.
The Texas Constitution dictates that the Texas Legislature meet in a regular session every two years, convening on the second Tuesday in January of every odd-numbered year. These sessions are limited to 140 days. During the legislative session the House and Senate are constitutionally obligated to develop a final budget that must be passed by both chambers and signed by the Governor.
CONTACT: Tabatha Vasquez