INSIDER
Texas GOP lawmakersโ border and education wishlist would expand state budget by $2.7 billion โ and counting
Read full article: Texas GOP lawmakersโ border and education wishlist would expand state budget by $2.7 billion โ and countingIf bills now being considered pass, lawmakers will be left with $3.3 billion to take care of unforeseen costs over the next two years. Some experts worry that Texas canโt sustain its massive spending on the border and public education.
Harris County Commissioners unanimously approve 2024 budget; includes funding for flood control, hospitals
Read full article: Harris County Commissioners unanimously approve 2024 budget; includes funding for flood control, hospitalsHarris County Commissioners Court passed the FY24 budget, which includes $2.4 billion for the Countyโs general fund, $128 million for the Harris County Flood Control District, and $888 million for the Harris County Hospital District.
With no new funding from the state, Texas schools are breaking the bank to pay for teacher raises
Read full article: With no new funding from the state, Texas schools are breaking the bank to pay for teacher raisesLawmakers this year didnโt approve extra money to help schools pay for raises despite having an unprecedented $32 billion surplus โ even after Gov. Greg Abbott commissioned a task force last year to improve teacher pay and retention.
Senate budget panel approves $308 billion spending plan with new money for teachers, mental health, juvenile justice
Read full article: Senate budget panel approves $308 billion spending plan with new money for teachers, mental health, juvenile justiceThe proposal for the 2024-25 budget cycle includes $142.1 billion in general revenue spending โ about $5 billion higher than the proposal approved last week by the Texas House โ at a time when lawmakers have a historic $32.7 billion surplus at their disposal this session.
Texas House approves $302.6 billion state budget with tax cuts and teacher and state employee raises
Read full article: Texas House approves $302.6 billion state budget with tax cuts and teacher and state employee raisesAfter a marathon debate, the bill will head to the Senate, where lawmakers have been crafting their own version of the spending plan.
House panel advances new Texas budget with property tax cuts, teacher pay raises
Read full article: House panel advances new Texas budget with property tax cuts, teacher pay raisesThe proposal recommends spending billions on programs including property tax cuts, teacher pay raises, mental health services and border security. It leaves out requests for pay raises for retired state employees and funding for rent relief and childcare programs.
How could Texas spend its record $32.7 billion surplus?
Read full article: How could Texas spend its record $32.7 billion surplus?If Texasโ budget surplus were distributed directly to Texans, it could pay for 12 years of school lunches, seven months of rent or 11,000 miles of travel. Hereโs how to put the big number into perspective.
Gov. Greg Abbott proposes devoting $15 billion to property tax cuts in budget plan
Read full article: Gov. Greg Abbott proposes devoting $15 billion to property tax cuts in budget planAbbottโs spending proposals also include spending $750 million on school safety and mental health services and expanding postpartum Medicaid to a year.
Texas higher ed leaders optimistic about funding, faculty uneasy about culture wars as new session starts
Read full article: Texas higher ed leaders optimistic about funding, faculty uneasy about culture wars as new session startsCommunity colleges want a funding overhaul this legislative session, and four-year universities are hoping for a boost in research funds. Meanwhile, faculty are bracing for a potential threat to tenure and limits to conversations about race.
Texas universities propose two-year tuition freeze in exchange for nearly $1 billion in additional state funding
Read full article: Texas universities propose two-year tuition freeze in exchange for nearly $1 billion in additional state fundingThe leaders of the stateโs six biggest university systems are seeking the money to fund instruction, university operations and employee health insurance and to cover a free tuition program for veterans and their children.
The Texas Legislative session begins today. Here are 6 things weโre watching
Read full article: The Texas Legislative session begins today. Here are 6 things weโre watchingLawmakers begin work today for their biennial legislative session. Theyโll debate over the state budget, school issues, border security and property taxes, among other issues.
Texas lawmakers will have $188.2 billion available for the next budget after record-breaking revenue growth
Read full article: Texas lawmakers will have $188.2 billion available for the next budget after record-breaking revenue growthItโs far more money than legislators have ever had at their disposal, with an increase in available funds that dwarfs any previous jumps between cycles. Itโs also more money than lawmakers can constitutionally spend.
Texas lawmakers have a $27 billion surplus, but a spending cap complicates their goal of lowering property taxes
Read full article: Texas lawmakers have a $27 billion surplus, but a spending cap complicates their goal of lowering property taxesTexas homeowners have some of the highest property tax bills in the nation, a byproduct of the stateโs reliance on such taxes to help pay for public schools and the stateโs lack of an income tax.
Harris County Commissioner Adrian Garcia presents compromise proposal to move county budget forward
Read full article: Harris County Commissioner Adrian Garcia presents compromise proposal to move county budget forwardHarris County Commissioner Adrian Garcia will present a new compromise proposal Friday in hopes of moving the county budget forward.
Jack Cagle, Tom Ramsey skip commissioners court for 3rd time as budget impasse continues
Read full article: Jack Cagle, Tom Ramsey skip commissioners court for 3rd time as budget impasse continuesThe impasse over the Harris County budget continued Tuesday with Republican commissioners skipping a meeting for a third time in a row, blocking the Democratic majority commissioners court from adopting a new proposed tax rate.
Standoff over Harris County budget continues as Republican commissioners skip 2nd vote on tax rate
Read full article: Standoff over Harris County budget continues as Republican commissioners skip 2nd vote on tax rateThe standoff over the Harris County tax rate and budget continued Tuesday with the county commissionโs two Republican members skipping a vote on the matter for a second time.
Judge Lina Hidalgo asking county attorneyโs office to consider authority to require commissioners to attend court meeting
Read full article: Judge Lina Hidalgo asking county attorneyโs office to consider authority to require commissioners to attend court meetingIn an attempt to pass a budget for Harris County, Judge Lina Hidalgo said she is considering โany and all actionโ that would bring commissioners into Commissioners Court to allow a vote that she said would fund the budget.
As inflation skyrockets, local Texas governments ponder tax rate increases as they balance budgets
Read full article: As inflation skyrockets, local Texas governments ponder tax rate increases as they balance budgetsLocal governments in Texas have spent the summer preparing their budgets for next year, wrestling with inflation and a law that prohibits them from raising property tax revenues beyond 3.5% without voter approval.
TribCast: Are there signs of life for Beto OโRourkeโs campaign?
Read full article: TribCast: Are there signs of life for Beto OโRourkeโs campaign?In this weekโs episode, Matthew speaks with Mitchell and Patrick about the power grid, the race for governor and the extra money the Texas Legislature will have on hand to spend next year.
Texas House speaker pitches spending more than $100 million for mental health, school safety programs
Read full article: Texas House speaker pitches spending more than $100 million for mental health, school safety programsLt. Gov. Dan Patrick had asked House leaders to support his push for arming school police officers with bulletproof shields after the Uvalde shooting. House Speaker Dade Phelan is also asking for more money for mental health and school safety programs.
Watch Comptroller Glenn Hegar discuss the stateโs economy and more at 10:30 a.m. at The Texas Tribune Festival
Read full article: Watch Comptroller Glenn Hegar discuss the stateโs economy and more at 10:30 a.m. at The Texas Tribune FestivalHegar will also talk about how to keep Texas business-friendly and what another wave of COVID-19 could mean for the state budget.
Bill tripling Texasโ border security budget and allocating $750 million to wall construction becomes law
Read full article: Bill tripling Texasโ border security budget and allocating $750 million to wall construction becomes lawGov. Greg Abbott said Texas was stepping up to do the federal governmentโs job after Bidenโs immigration policies had โopened the floodgatesโ to illegal immigration and crime.
Texas border wall project receives over $450K in donations, a week after Gov. Greg Abbott announced plans
Read full article: Texas border wall project receives over $450K in donations, a week after Gov. Greg Abbott announced plansGov. Greg Abbott pledged $250 million in state funds for a Texas-Mexico border wall and is soliciting donations to fund the rest.
Gov. Greg Abbott announces plan to build a border wall in Texas
Read full article: Gov. Greg Abbott announces plan to build a border wall in TexasThe governor suggested more details would be released next week. The announcement Thursday of several initiatives is the latest in an ongoing conflict between Abbott, a Republican, and Democratic President Joe Biden's administration.
Allocating $16 billion in coronavirus relief funds will be part of special legislative session in the fall, Gov. Greg Abbott says
Read full article: Allocating $16 billion in coronavirus relief funds will be part of special legislative session in the fall, Gov. Greg Abbott saysAbbott already planned to call a special session later in the year for the Legislature to do its decennial redrawing of Texas political maps.
The Salvation Armyโs Chic Boutique is back: Hereโs how to shop the closets of Houstonโs best dressed
Read full article: The Salvation Armyโs Chic Boutique is back: Hereโs how to shop the closets of Houstonโs best dressedShop, save, and help others in need. Here's a sign THAT life is getting back to normal: The Salvation Army's Chic Boutique is back this week! You can score designer duds at major discounts at this pop-up charity sale. Volunteers collect and curate the best donations all year.
Meet your financial goals by starting with these 4 steps
Read full article: Meet your financial goals by starting with these 4 stepsThese four baby steps will help you begin to get a handle on your finances for the new year. You can get a free credit report every week through April here. Step 2: Audit your subscriptionsFrom streaming services to clothing, look for recurring monthly fees to your bank account or credit card. Step 3: Check the interest rates on your credit cards and accountsCan you get a lower interest rate or a no-interest balance transfer for your credit card debt? After it expires, credit card companies usually jack up your interest rate.
HISD board considering $41 million budget amendment
Read full article: HISD board considering $41 million budget amendmentHOUSTON โ The Houston Independent School District board will consider approving a $41 million budget amendment on Thursday afternoon. District officials said an additional $17 million for special education has also been under consideration since August. Funding from local agenciesThe board of trustees is scheduled to vote on accepting a total of $2.3 million. Providing out-of-school activities for Chavez High School students such as academic enrichment, fitness, counseling programs, art, music, technology and character education programs. Additional funds will also be considered for construction on Riceville School Road for Lamar High School and $3.1 million for a new sports field and auditorium upgrades at Booker T. Washington High School, according to a press release.
Up to 3,000 city of Houston employees could be furloughed under proposed budget
Read full article: Up to 3,000 city of Houston employees could be furloughed under proposed budgetHOUSTON โ There is a $169 million budget gap in the city of Houstonโs budget for the next fiscal year, according to the numbers Mayor Sylvester Turner released on Tuesday. The city is reeling from the economic impact of the coronavirus pandemic and local leaders are not sugar-coating it. City leaders said they need to make drastic cuts, which means thousands of city employees are facing the possibility that they could be furloughed. Turner said he will try to secure more funding to save those jobs by using federal money. โIโve asked Chief Pena with the fire department and Chief Acevedo and others to take a look at where their employees were used specifically for COVID purposes.
Severance Pay 101: 3 steps to making sure you use the money wisely
Read full article: Severance Pay 101: 3 steps to making sure you use the money wiselyThe money pay is supposed to help you out until you can get another job. "โThis is where we can cut.โ Do that as part of a severance package. โOnce you leave the company, youโre going to have an expiration date on those options,โ Rosso said. Fund your healthcare savings accountLastly, if you havenโt funded your healthcare savings account, consider using some of your severance pay to do that. He has more ideas to consider if you are risk of getting a severance package here.
6 places to get Rodeo-ready on a budget๐ค
Read full article: 6 places to get Rodeo-ready on a budget๐คGo Texan Day is this Friday, and RodeoHouston starts on Feb. 28. Itโs time to dig through your closet or go shopping. You want buckles, boots, and bling, but you donโt want to spend big bucks. Consumer expert Amy Davis is sharing her go-to retailers to get Rodeo-ready on a budget.
The Playlist: Hog Heaven
Read full article: The Playlist: Hog HeavenAfter a marathon 17-plus hour debate that started just after noon last Tuesday, the House finally gave its preliminary nod to its version of the state budget, so we start this week's playlist of the weekโs news with โFor the Love of Moneyโ by The OโJays.