Texas runs an $8 billion surplus

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    Mar 02, 2013 4:40 PM GMT
    http://blogs.the-american-interest.com/wrm/2013/02/26/another-big-win-for-texas-8-billion-surplus/

    The results are hard to argue with. In addition to a budget surplus, Texas has strong job growth, lower taxes, a better business climate than most other states, and schools that are among the highest-performing in the nation despite the Democrats’ charges that they are underfunded.

    The Economist notes that other red states are looking to Texas for policy inspriation. It isn’t difficult to see why.
  • roadbikeRob

    Posts: 14372

    Mar 02, 2013 4:50 PM GMT
    Yeah with their rock bottom quality government services, I am not surprised that Texas has a surplus but it is not really a good thing because Texas ranks near the bottom in terms of environment, education and quality of life. Sad but true.
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    Mar 02, 2013 4:54 PM GMT
    Examples of the difference of opinion on what role the government should play in life, with the latter full of hyperbole.
  • jock_1

    Posts: 1492

    Mar 03, 2013 1:39 PM GMT
    roadbikeRob saidYeah with their rock bottom quality government services, I am not surprised that Texas has a surplus but it is not really a good thing because Texas ranks near the bottom in terms of environment, education and quality of life. Sad but true.


    I think you just made his arguement valid with this statement. You are saying the state can't get quality government services because the state is making money? Government services do not go hand in hand with how much money state government recieves. Texas like all other states gets federal dollars as well to fund state government. Case in point....here in Milwaukee our school public school system (MPS) SUCKS! . It's a money pit ! We have had democrat mayors since I have been alive and we have had republican governers and the system still sucks. MPS spends $12,000 per student(much of that towards wages, benifits and pensions) and it is still failing. Its not because my state has a surplus of money. It has a lack of good teachers and a lack of family values, you change that and you change the schools. Thats why gov. Walker has increased the school vouchers to other districts so families can get their kids out of MPS and into better schools. Has nothing to do with surplus but all to do with leadership and changing the status quo.
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    Mar 03, 2013 2:38 PM GMT
    roadbikeRob saidYeah with their rock bottom quality government services, I am not surprised that Texas has a surplus but it is not really a good thing because Texas ranks near the bottom in terms of environment, education and quality of life. Sad but true.



    They're running on shale extraction. The largest increases are in healthcare and SOCIAL SERVICES. The jobs are not described at what level of wage.
    The second largest job pool is in accomodations/service etc - one of the lowest paying sectors of the job market.
    The third is 90K jobs in the oil/shale extraction.

    The devil's in the details.

    I'm glad Texas is doing well, but one size does not fit all, but this is the usual Riddler agenda at work.


    PS bear in mind it's not known how big the surplus is; it's an estimate. As well:

    "A boom in revenues from sales taxes as well as taxes from oil and natural gas production have given Texas a budget surplus that the state comptroller has estimated at $8.8 billion."

    and from across the floor:

    "Mr. Perry’s speech rankled some Democrats, who described the increased revenues as a “so-called surplus,” because services for public education, health care and other programs had been slashed statewide. “That’s why you raise revenue — to spend it wisely,” said Senator John Whitmire, a Houston Democrat. “There’s not a state agency in this state that is being adequately funded. Higher ed, public ed, social services, highways, parks — all of them are hurting."

    There are always two sides to a story like this. icon_wink.gif

    http://www.nytimes.com/2013/01/09/us/texas-budget-surplus-proves-as-contentious-as-a-previous-shortfall.html?_r=0
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    Mar 03, 2013 3:29 PM GMT
    Still, it's Texas.
  • conservativej...

    Posts: 2465

    Mar 04, 2013 12:36 AM GMT
    You know, this reminds me that I am truly blessed. icon_idea.gif
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    Mar 04, 2013 2:26 AM GMT
    roadbikeRob saidYeah with their rock bottom quality government services, I am not surprised that Texas has a surplus but it is not really a good thing because Texas ranks near the bottom in terms of environment, education and quality of life. Sad but true.


    Better than California in most metrics that Iv'e seen recently in education. And as noted "schools that are among the highest-performing in the nation despite the Democrats’ charges that they are underfunded." Lowest in quality of life? Hardly. I suppose this depends on who you ask.

    http://www.bizjournals.com/bizjournals/on-numbers/scott-thomas/2011/12/texas-community-takes-national-honors.html

    This of course, despite the fact that Texas attracts a massive number of migrants from other states and countries. As for the environment? You're probably relatively right but by how much? What's the impact?
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    Mar 04, 2013 4:25 AM GMT
    So it goes from running a 5 billion dollar deficit to a 8 billion dollar surplus.

    Article is not accurate.
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    Mar 04, 2013 11:51 AM GMT
    msuNtx saidSo it goes from running a 5 billion dollar deficit to a 8 billion dollar surplus.

    Article is not accurate.


    Are you saying the article is not accurate because of the radical swing?

    http://www.nytimes.com/2013/01/09/us/texas-budget-surplus-proves-as-contentious-as-a-previous-shortfall.html?_r=0

    Texas runs on a 2 year budget cycle and meets only 140 days every other year - which apparently is a pretty good thing.

    More here in an article that seems against the approach (though it's unclear as to why):
    http://www.economist.com/news/united-states/21572208-unexpected-surplus-points-pitfalls-texan-austerity-too-much-good-thing