$11 Billion Budget Shortfall Projected Official: Shortfall Could Reach $15 Billion
POSTED: Monday, March 8, 2010 UPDATED: 4:47 pm CST March 8, 2010 AUSTIN, Texas -- The Texas Legislature will face a budget shortfall of at least $11 billion when it meets to write the next state budget in 2011, a key state official said Monday.
The shortfall is the projected difference between available revenue and the cost of maintaining services at their current levels in the next two-year budget. The shortfall is mainly a result of lower-than-expected sales tax receipts.
We have way too many people moving to Texas! If you’re a good conservative then we’ll let you in but others STAY OUT!! If there is a shortfall it’s because of all the illegals that we have to feed, educate and take care of their medical bills. They all get instate tuition and I’ll swear I live in Mexico some days because of all the spanish spoken!