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TX HB88
Bill
Status
Introduced
11/12/2012
Primary Sponsor
William Callegari
Click for details
AI Summary
- Replaces the existing state spending limit based on estimated growth in Texas personal income with a new formula based on the sum of the estimated rate of population change and the estimated rate of inflation or deflation in the state
- Broadens the scope of the spending cap from only non-constitutionally-dedicated state tax revenues to all sources of revenue except federal funds
- Requires the Legislative Budget Board to determine the maximum allowable growth rate by adding estimated population growth and estimated inflation for the current biennium, and to calculate the corresponding appropriation limit for the next biennium
- Mandates that if the combined population growth and inflation rate is negative, appropriations must actually decrease accordingly rather than remain flat
- Applies to appropriations beginning with the state fiscal biennium starting September 1, 2015, and takes effect only if voters approve a corresponding constitutional amendment proposed by the 83rd Legislature
Legislative Description
Relating to the constitutional limit on the rate of growth of appropriations.
State Finances
Last Action
Referred to Appropriations
2/5/2013
Committee Referrals
Appropriations2/5/2013
Full Bill Text
No bill text available