Lawmakers face $1 billion shortfall; Revenue shortage much b

Lawmakers face $1 billion shortfall; Revenue shortage much better than state officials had expected


Ornate architecture in the rotunda at the Texas State Capital Building in Austin
(Seguin) — State lawmakers are facing a significant budget shortfall this year. How to overcome a decline in revenues will be one of the key issues facing the new legislative session that begins today in Austin. The budget shortfall is approximately one billion dollars. That’s a big number, but the Biennial Revenue Estimate (BRE) — released on Monday by State Comptroller Glenn Hegar — is actually much better than what most state lawmakers had expected.
State Representative John Kuempel, in a recent interview with KWED Radio and the Seguin Daily News, said they could have potentially seen double digit shortfalls this year.

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