Fiscal Notes: September 2017 Page: 2
12 p. : ill. ; 28 cm.View a full description of this periodical.
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A Message from the Comptroller
It's been a tumultuous year
for the Texas Legislature,
which met from January to
May for its regular biennial .m"
session and, more recently, in
a summer special session. '
While a handful
of controversial issues
dominated news coverage of
the regular legislative session this year, its meat-and-
potatoes work - most importantly, the crafting of
the state's next two-year budget - went on as usual.
Lawmakers faced a significant challenge in meeting
the state's needs, given a relatively tight fiscal climate,
but came together to produce a conservative budget
that remained within our agency's revenue estimate.
In this issue, we review some of the results of the
regular session, focusing on new laws that concern
state finances or the Comptroller's office itself.We also look at a new initiative of our office, driven
by legislation approved in 2015: the Texas Bullion
Depository, a Texas-based, state-owned secure facility
for the storage of precious metals. In response to
the Legislature's directive, we've forged a unique
partnership to bring high-security bullion storage - a
field dominated by facilities in the New York City area
- to the Lone Star State.
The depository is the result of two years of
intensive research and negotiation by my staff. It
should be ready for its first customers beginning next
January, providing a valuable, home-grown alternative
for public institutions, businesses and private investors.
As always, I hope you enjoy this issue!
G[ENN HEBAR L __Texas Comptroller of Public Accounts
LIMIT ~ 2~
~ 4-As this issue went to press, the Texas Gulf
Coast was struck by Hurricane Harvey,
one of the greatest natural disasters
in our state's recorded history. It will
be months before the full dimensions
of this catastrophe can be calculated,
but the state's losses, both human and
economic, will be immense. We will
monitor and report on Harvey's toll as
the full picture emerges.
In the meantime, we urge our readers
to donate to the American Red Cross or
the disaster relief organization of your
choice. Red Cross donations may be
directed to www.redcross.org/donate/
donation.
Our thoughts and prayers are with
all of those who have suffered due to
Hurricane Harvey.Spring, Texas, in the aftermath of Harvey.
2 GLENN HEGAR, TEXAS COMPTROLLER OF PUBLIC ACCOUNTS
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Texas. Comptroller's Office. Fiscal Notes: September 2017, periodical, September 2017; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1577970/m1/2/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.