Bulletin on Texas State Finance: 1979, Number 1 Page: 3
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3
existing law, the cost of the Program would increase by an esti-
mated $294 million in the 1980-1981 biennium--and the local share
of that increase would be $269 million. This is due primarily to
new state estimates of the local property tax base.
The Legislative Budget Board proposes to "freeze" the local share
at the existing level--thus increasing the state's share of
spending by $269 million. Another $450 million in state spending
is intended to replace revenue losses to school districts due to
anticipated implementation of the property tax relief amendment
to the State Constitution passed by voters last November.
The $719 million added to state spending by these recommendations
constitutes 19 percent of the $3.8 billion increase proposed by
the Legislative Budget.
MAINTENANCE OF CURRENT EFFORTS
The pay raises and school finance changes are the largest in-
creases in state spending effort recommended by the Legislative
Budget. Together they total $1.6 billion, or 43 percent of the
recommended increase in outlays. The remaining $2.2 billion in
increases are incremental changes in current efforts. As noted
above, in relative terms they leave the priorities of state
spending unchanged.
REQUIREMENTS OF "PAY-AS-YOU-GO"
PROVISION MET
The State Constitution requires that expenditures be balanced by
funds available for spending, unless extraordinary circumstances
prevail. The budget presented by the Legislative Budget Board
would meet this standard. If enacted as proposed, the Legisla-
tive Budget would spend $14.7 billion from "major funds"--while
the Comptroller estimates those funds will have $14.8 billion
available for spending.*
*The State Comptroller estimates cash on hand and revenue to
the Treasury for a coming biennial period, and certifies whether
available money will balance legislative appropriations. The key
to fiscal balance lies in the relationship between income and
outgo of the General Revenue and associated funds--termed collec-
tively "major funds." Abstracting "major fund" totals for income
and spending is necessary to analyze fiscal balance and to deter-
mine whether or not any additional revenues will be needed to
support the proposed spending program.
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Texas Research League. Bulletin on Texas State Finance: 1979, Number 1, periodical, February 8, 1979; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1543389/m1/3/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.