Mon March 14, 2011
$300 Million More in State Coffers
Texas Comptroller Susan Combs says the state has more money to spend.
In a letter to Texas lawmakers today, Combs says sales tax receipts in recent months had increased enough for her to raise her pervious revenue estimate by 300-million dollars for the current budget. She also increased the amount of money lawmakers have to spend in the next budget.
The increase helps a little but does not make a huge dent in the multi-billion dollar budget hole.