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Posts Tagged ‘spending cap’

There are no new ideas, but there are plenty of bad ideas

There’s so much wrong with what Greg Abbott wants for Texas that it’s hard to know where to begin. In his first major policy address as a gubernatorial candidate, Attorney General Greg Abbott proposed tighter constitutional limits on state spending and increased constraints on the multibillion-dollar Rainy Day Fund. Abbott laid out his “Working Texans” […]

Another reason why spending caps are a bad idea

There are many reasons why, but this is one we haven’t encountered before. Several political observers well-versed in the state’s finances say that lawmakers could hit the state’s spending limit this session, complicating efforts to access the $11.8 billion in the state’s Rainy Day Fund. The Texas Constitution says the government can’t grow faster than […]