Instead of reaching back six months to find a story about Texas’ 18 billion dollar shortfall, I will instead cite much more recent data on the Texas budget shortfall which projects the Texas budget shortfall to be 25 billion.
http://www.freerepublic.com/focus/f-news/2622886/posts
The New York Times is your source? Straight out of Crazy Bill White’s campaign hysteria.
Actually the amount they are looking to cut in this actual budget cycle for the year is five billion. I asked a friend who is an State agency head. That is a lot! And it could be more if the elected officials don’t vote to use the rainy day fund. Either way, unlike California, they have to balance the budget in Texas and they will.
Is Texas handing out IOUs instead of real money? How do Texas’s tax rates compare to California’s? Are people and business’s fleeing Texas the way they are fleeing California? Just wondering..