Lt. Gov. Patrick: Statement on the Biennial Revenue Estimate

State News

Texas Lt. Gov. Dan Patrick talks about a deployment of National Guard troops to the Texas-Mexico border at a news conference at the Capitol, Friday June 21, 2019 in Austin, Texas. (Jay Janner/Austin American-Statesman via AP)

Courtesy od Steven Aranyi:

Austin, Texas (January 11)- Lt. Gov. Dan Patrick issued this statement today following the release of Texas Comptroller Glenn Hegar’s biennial revenue estimate (BRE):

“The Comptroller’s Biennial Revenue Estimate today is welcome news considering the economic challenges our state has faced. We believe that with a continuing healthy economy, a growing Economic Stabilization Fund and federal COVID-19 relief, we will be able to move forward on our budget priorities this session and balance the budget by session’s end, as required by the Constitution.

We will: 

·         Continue to mitigate the impact of the pandemic while positioning the Texas economy to come back stronger than ever.

·         Maintain the historic funding increases in education from last session as well as teacher pay increases.

·         Maintain the $9 billion shift in franchise tax, homestead exemptions and school property taxes enacted since 2015.

·         Maintain our commitment to meet the growing cost of health care.

·         Maintain our commitment to border security, transportation and infrastructure.

“We have ensured that Texas remains well-positioned to continue to grow and strengthen our economy, overcome the hurdles that we still face and continue to make our state a place where Texans can thrive and prosper.”

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