Governor's Message to the 56th legislature. Page: 4 of 41
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INCREASED GOVERNMENTAL RESPONSIBILITIES
With this phenomenal growth has come a corresponding increase in governmental
responsibilities, including larger expenditures for our public schools and
colleges. We are engaged in the biggest highway building program in the history
of the State and have finally laid the groundwork for a State-wide water planning
and development program.
With all of this growth and increase in governmental responsibilties, it is
not surprising that there has been an increase in the cost of State government.
Because of this increase and the loss of over $20 million in anticipated revenues
on account of restricted production of oil, we are faced with an estimated deficit
of $65 million on August 31 of this year. There is a need for that much more in
additional revenues for each year of the next biennium in order to continue present
services for our constantly expanding population.
DEFICITS OF THE PAST
Together we face a big task. However, we should take comfort in the fact
that, comparatively speaking, our task is no greater than that faced over and over
again by the people and the elected representatives of this State since the beginning
of its glorious history. From the beginning, Texas has been a big and growing
State, but not always as prosperous as today.
President Sam Houston, in his message to the Congress of the Republic of
Texas in 1838, explained the need for using paper money to meet the public debt
in these words:
"The struggle had left us destitute and naked. There
were no banks, there was no money, our lands could not
be sold, and the public credit was of doubtful character. "
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Price, Daniel. Governor's Message to the 56th legislature., book, January 21, 1959; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth5870/m1/4/: accessed August 17, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .