Earlier today, Texas Comptroller Glenn Hegar released the state’s biennial revenue estimate. Based on projections for the state’s economy, Comptroller Hegar certified $119 billion in state funds available for the coming biennium and budget cycle. He noted that the number could shift some before the end of session.
Today’s revenue estimate shows that the Legislature should fund a significant, added investment in public education, which in turn would reduce pressure on property taxpayers.
While the Legislature must first deal with unpaid bills stemming from the current budget, today’s estimate, combined with the $15.4 billion projected balance in the Economic Stabilization Fund, demonstrates there are resources available to craft real solutions for Texans on a number of major issues.
Texas teachers deserve better pay and we need to address health care costs for current and retired educators. We need to make college more affordable and accessible if we are to have the skilled workforce our state’s economy demands. Our state’s Medicaid managed care system must be improved to better serve medically fragile Texans. The recovery from Hurricane Harvey requires our attention, as well. These are just a few examples of important issues that must be addressed this session.
The revenue estimate provides a blueprint of what is possible. It’s up to the Legislature to build a budget that reflects our values and commits the resources and ingenuity of our great state to achieving real solutions for each and every Texan. That’s what Texas House Democrats will be fighting for.