Tue Jan 29, 2013, 08:46 PM
white cloud (2,437 posts)
Perry proposes infrastructure upgrades, tax cuts
By WILL WEISSERT
AUSTIN, Texas — Gov. Rick Perry on Tuesday credited spending restraint for igniting the Texas economy but also proposed digging into the state's cash reserves to pay for $3.7 billion in water and road improvements while returning any excess revenue directly to taxpayers.
Perry used his State of the State address to argue that Texas' economic outlook is bright enough that it can afford to cut taxes while spending a major chunk of the $12 billion in the so-called "Rainy Day Fund." Doing so answers calls from the business community to improve the state's infrastructure but signals a dramatic departure for Perry, who spent years building tea party support by imploring the Legislature not to touch the fund.
"Our bank balance is healthy, our economy is growing, our future is limitless," Perry told a joint session of the Legislature.
The longest-serving governor in state history, Perry also ignored calls from Democrats to use the fund to restore $5.4 billion in cuts to public education passed in 2011 amid a $27 billion budget shortfall sparked by a then-sluggish economy.
With unemployment down, state sales tax receipts up and the economy humming, Perry urged lawmakers to cut taxes, saying "providing at least $1.8 billion" over the next two years "is a good place to start."
Read more here: http://www.star-telegram.com/2013/01/29/4582241/perry-to-deliver-his-7th-state.html#storylink=cpy
3 replies, 600 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Perry proposes infrastructure upgrades, tax cuts (Original post)
|white cloud||Jan 2013||OP|
Response to white cloud (Original post)
Tue Jan 29, 2013, 09:02 PM
DhhD (2,314 posts)
3. Perry talked about changing the Texas Constitution. Did he mean that even if the courts
find for most of the Independent School District's law suite, and the State is ordered to provide adequate funding, then the Texas Public School System will be shorted anyway as the Texas TEA Legislature will change the Constitution? Perry sited that more students were graduating from high school than in previous years.
The elites in power care absolutely nothing about the children of Texas.