Tags: spending | cap | budget | texas

Texas Gov. Perry Wants to Tighten Spending Cap

Thursday, 15 Nov 2012 11:53 AM

By Alec Weisman

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Texas Gov. Rick Perry and his tea party allies are attempting to tighten the spending cap so that it applies to more parts of the Texas budget, according to the Austin American-Statesman.
Although legislative leaders will set a state spending limit today for the next two-year budget, Perry and other tea party Republicans say the cap does not provide enough spending restraint.
“As a small government conservative, I believe that government growth, if any, should be kept to the bare minimum,” Perry said recently, as he promoted his own Texas Budget Compact proposal.
The governor’s proposal would link the spending limit to growth in the state’s population and inflation instead of the current method, which sets the cap based on projected growth in the state’s total personal income.
The Texas Public Policy Foundation, a limited government think tank, claims total state spending since 1990 has increased by 310 percent, a much greater rate than the growth in population and inflation in the state.
However, Democratic state Sen. Kirk Watson and other lawmakers oppose the reforms. They argue, as Watson put it, that "regressive budget-writing regulations just aren’t designed to promote an honest conversation about what Texas needs [and instead are intended] to bind the state’s hands and make it harder to tend to our future.”
Texas has been operating under a spending cap since 1978 when voters overwhelming approved it as an amendment to the state constitution.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Caramel Apple Deaths, Illnesses Spreading as Officials Issue Warning

Friday, 19 Dec 2014 13:09 PM

Prepackaged caramel apples have been blamed for five deaths and more than two dozen illnesses in 10 states and now healt . . .

North Korea Sony: FBI, Obama Admin Officially Accuse Country of Hack

Friday, 19 Dec 2014 13:00 PM

The FBI and the Obama administration officially accused North Korea on Friday of perpetrating the massive Sony hack that . . .

Phoenix Police Chief Fired for Defying Orders, Holding News Conference

Friday, 19 Dec 2014 12:47 PM

Phoenix police chief Daniel V. Garcia was fired this week after defying orders from city manager Ed Zuercher and holding . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved