Texas lawmakers will have a lot of money to comb through in January.
FOX 26 Reporter Sherman Desselle has more on what the Texas legislature will do with the $27 billion in extra funding this session.State Comptroller Glenn Hegar tells FOX 26 that he predicts an extra $27 billion will be available in the state surplus - all due to inflation, and high tax revenues."The economy in the last year and a half has been phenomenal here in Texas," says Hegar.
Lawmakers will also have $13.6 billion available in savings, known as their "rainy day fund" - making this upcoming surplus historical. "Our population is 30 million," says Hegar. "We're going to grow roughly another 20 million between now and 2050. When you go and you turn on your tap, you don't think much about it. But we have to make sure that water is there."
"I think part of these revenues are also there because of their reflection on how much we've cut public education," says Texas AFT President Zeph Capo.
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