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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources March 15, 2011
 
 
 
Texas House leader says budget won't be rushed
Bloomberg Businessweek    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The Texas House is in no rush to move forward on the state's next two-year budget without "reliable information," Speaker Joe Straus said while criticizing money-saving proposals from Gov. Rick Perry's office. Straus' comments came shortly after Republican Comptroller Susan Combs alerted lawmakers that the state will have $300 million more revenue in its current budget than what had been projected, due to improved sales tax receipts. More



South Texas Project deal dubious in wake of quake
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The repercussions from an earthquake that has rocked nuclear facilities in Japan threaten to shake up the financial grounding of a proposed power plant expansion in Texas. A Japanese company that owns the distressed Fukushima Daiichi power plant had figured to own as much as 20 percent of two proposed reactors at the South Texas Project. But with the company, Tokyo Electric Power Co., reeling from reports of radiation leaks, financial analysts called the deal uncertain. More

Senate panel to study whether to continue gas production tax exemption
Fort Worth Star-Telegram    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As lawmakers search for remedies to the state's budget crisis, the chief budget writer in the Senate said that he expects to take a closer look at a major tax exemption on high-cost natural gas production, an incentive that has been widely used by producers in the Barnett Shale. Sen. Steve Ogden, R-Bryan, chairman of the Senate Finance Committee, said he is likely to appoint a subcommittee that would examine the incentive and other elements of the state tax code as the Legislature struggles to write a balanced budget for the next two years. More

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Pitts: 'Left at the altar' by Perry's office
Houston Chronicle Texas Politics Blog    Share    Share on FacebookTwitterShare on LinkedinE-mail article
House Appropriations Committee Chair Jim Pitts, R-Waxahachie, wanted someone from Gov. Rick Perry's staff to make clear before his panel that it's okay with Perry if lawmakers spend money from the rainy-day fund to cover a deficit in the current budget period. No one from Perry's office showed up. More

Rep. Susie Byrd questions use of 2007 traffic study
El Paso Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Outdated traffic projections used in a state study recommending a limited-access freeway on Trans Mountain Road could result in unnecessary air pollution and sprawl development that would block signature views of the Franklin Mountains, a city councilwoman said. A newer 2010 study projects about half of the traffic volume that was projected in the 2007 study, which is being used by the Texas Department of Transportation, city Rep. Susie Byrd said. More

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Bill that would add 8 percent fee to remittances presented to panel
El Paso Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sending money to family members in Latin American countries would get more expensive under a bill Republican state Rep. Leo Berman presented before a House committee. The bill would add an 8 percent fee to the total amount of money sent for personal reasons from Texas to Mexico and Latin America. Wire transfers to other countries such as Canada or England would not be subject to the fee. More

Ogden mulls corporate income tax to replace business tax
Austin American-Statesman Postcards Blog    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Senate Finance Chairman Steve Ogden, R-Bryan, said legislators should consider a constitutional amendment that would clarify that an income tax could be assessed on corporations but not individuals. The objective would be to use the corporate income tax to replace the current franchise tax that is considered unfair by many businesses. More

Small Business Administration to offer loans to wildfire victims
Amarillo Globe-News    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
The U.S. Small Business Administration is providing loans for people and businesses affected by February wildfires, and is setting up an outreach center in Randall County to process the loans. The SBA has declared Potter, Randall, Armstrong, Carson, Castro, Deaf Smith, Moore, Oldham and Swisher counties in the Texas Panhandle disaster areas. More
 
 
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