It has been a longtime goal of fiscal conservatives to strengthen the state’s limits on spending. During the 87th Legislative Session this year, a big step was made toward that goal.
Texas’ current constitutional spending limit—defined statutorily for years as projected growth in personal income—only applies to state tax revenue not dedicated by the Constitution, which constitutes about half of the total state budget.
Legislation passed this session will change that.
In this episode of Texas Scorecard’s Autopsy Files, Tim Hardin of Texans for Fiscal Responsibility recaps the road this legislation took during the recent session—and what it could mean for taxpayers going forward.