We were one of several research, business, and taxpayer groups holding a press conference at the Capitol today, establishing a set of guidelines for the Legislature in drafting an effective, fiscally responsible state budget.
Watch the press conference below.
While a house can be admired in a calm, beautiful day, its sturdiness and craftsmanship is revealed in a storm. The state budget process really is no different. We’re offering lawmakers a blueprint for creating the budget, guidelines that will help ensure a responsible level of state government.
Just as the rafters in the attic are as integral to the durability of a house as the walls, so do these guidelines work in concert.
But foundational to the architecture of a prudent budget is fiscal restraint – keeping the cost of government low and restricting its growth.
While this has obvious benefits for the economy – keeping money in the hands of the people for investment and use – it also keeps the state flexible for future decision-making.
We see the draconian actions being considered in California because they have historically over-spent and over-grown their state government.
No one knows how long this economic crisis will last, and it is critical in these opening days that the Legislature not over-commit to spending that taxpayers, our economy, will not be able to afford in two or four years.
Tens of thousands of Texas families will this week consider their mid-month finances – carefully considering their priorities, saving all they can and even cutting back or making do without, all in the name of ensuring their long-term fiscal health.
It’s critical that the legislature follow this same path in the months ahead.
You can read the full blueprint here.