FOR IMMEDIATE RELEASE 03/02/2015
Texas House Passes Conservative Budget
(Austin, Texas) This week, the Texas House of Representatives passed House Bill 1 and took an important step toward finalizing a budget that will be balanced and fiscally responsible for the next two years. The Texas House budget dramatically reforms state government through increased transparency, and addresses the needs of our growing state while staying below the constitutional spending cap. HB 1 invests significant resources in public schools, boosts formula funding for higher education, invests additional general revenue in transportation, and promotes border security and public safety. Additionally, HB 1 accomplishes this by limiting overall spending growth to less than what is necessary to account for population and inflation increases.
"After months of work and 17 hours of debate on the House floor, I'm proud to have been involved in constructing a budget for Texas that funds the priorities of our state, including border security, while keeping us $2 billion under the spending cap and leaving room for possible future tax relief. HB 1 received broad support from both sides of the aisle and demonstrates a quality sometimes unique to our great state… Texans know how to come together and get things done," said Representative DeWayne Burns.
Following this vote, HB 1 now heads to the Texas Senate. When the Senate passes their version, HB 1 will head to a conference committee for final approval.
CONTACT: Joy Davis