Governor Rick Perry is calling on state lawmakers to cut spending and keep taxes level in the states next budget. Perry unveiled details of the Texas Budget Compact in Houston today. By keeping this tight rein on spending, we can build a more solid, predictable economy that doesnt put off tough decisions until, in some cases, its too late to deal with them, Gov. Perry told the crowd in Houston. In details noted on the Governors website , Perry also called to preserve a strong Rainy Day Fund and cut unnecessary and duplicative government programs and agencies. The state is in the middle of a two year budget passed by lawmakers in 2011. That budget cycle cut spending by $15 billion .