Texas leaders push for budget cuts |
Texas officials, including Gov. Greg Abbott, have directed state agencies, courts, and universities to reduce their budget requests by 3% for the next two years. This decision aims to maintain fiscal conservatism while allowing for funding priorities like property tax cuts. Abbott stated: “Texas leads the nation with a strong economy and responsible governance that puts families first.” Notably, public education funding and the new private school voucher program are exempt from these cuts. The current budget, which totals $338bn, reflects a 5% increase from the previous biennium, with $51bn allocated for property tax relief. The 3% cut directive will influence budget requests for the upcoming legislative session, which will establish a new spending plan for 2027-2029. Meanwhile, State Rep. Gina Hinojosa has proposed using $17bn from the rainy day fund to provide $1,500 checks to Texas households, criticizing Abbott for “hoarding” funds.