After today's eagerly awaited revenue estimate from the Texas Comptroller, it appears we are not much closer to knowing how deep and how wide the state's dreaded budget shortfall will be.
Listen to KUT's Ben Philpott talk about it with KUT freelancer Gretch Sanders.
Comptroller Susan Combs' revenue estimate, issued this morning, predicts the state will generate $72.2 billion to spend in the 2012-13 biennium, the two year time span for which legislators must draft a budget in the once-every-two-years session that begins tomorrow.
So that's how much money is coming in, but we won't know how big the budget gap is (and consequently, how severe cuts to government could be) until we receive a baseline budget from the Legislative Budget Board. No exact date has been set, but it is not expected for a couple weeks.