Comptroller Endorses Partial Use of Rainy Day Fund Comptroller Susan Combs testified before the House Appropriations Committee this week on the state’s budget situation and endorsed using a portion of the Rainy Day Fund to close the state’s projected deficit for the current 2011 fiscal year. She noted that there was not enough time remaining…

Nexus Issues Percolating In recent weeks, the obscure issue of taxpayer “nexus” has become the focal point of discussions in the Capitol as a result of a dispute between the state and Amazon.com—the nation’s leading internet retailer and operator of a warehouse in Irving. Under U.S. Supreme Court rulings concerning the application of the interstate…

We hope you enjoy our February newsletter that deals with a number of critical state fiscal issues.The newsletter is available here. Budget Challenges Loom analyzes the proposed state budget and the state’s revenue picture. The loss of federal stimulus funds along with a dramatic swing in the state’s cash reserves has forced the House and…

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Lt. Governor Dewhurst Announces Senate Finance Committee for 82nd Legislature The committee will get to work promptly, starting on Monday with their first of many hearings scheduled on the Senate Budget ( SB 1). A complete hearing schedule with agendas is available here. The members of the Senate Finance committee for the 82nd Legislature are:…