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HB380
SUMMARY
Relating to the constitutional limit on the rate of growth of appropriations and the use of surplus state revenues. Read & Follow the Bill
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the debate: HB380
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Comments from Bill Callegari

This bill limits increases in the state's budget to an amount equal to the rates of population growth and inflation. This provides a clear metric for managing future budget growth. If our population grows along with the consumer price index, so may our budget. Conversely, should our population shrink, or we experience deflation, then our budget cap would be lowered to reflect these phenomena. This spending cap ensures that our budget management appropriately reflects Texas' size and economy. Further, this bill requires that budget surpluses be apportioned between the Rainy Day Fund, the Property Tax Relief Fund, and a franchise tax rebate.

Contributor Comments
Backmic Update
(Travis County) February 17, 2011, 3:41 pm report abuse
Introduced and referred to committee on House Appropriations (2/16/11)
xlt
(Harris County) February 4, 2011, 10:58 am Thumbs Down report abuse
Even though in theory this works, I wouldn't want to add more red tape/regulation to the way the legislature decides to set the state's budget.
 
 
7 (70%) 3 (30%)