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(Bloomberg)   Justified: Texas cut taxes, spending, ends up with $8 billion surplus   (bloomberg.com) divider line 232
    More: Obvious, Budget Day, Texas, Comptroller Susan Combs, per capita incomes, Texas Public Policy Foundation, accounting software, senior managing director, Center for Public Policy Priorities  
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15378 clicks; posted to Main » on 08 Jan 2013 at 4:46 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-08 05:06:01 PM  

ghare: Which is why Texas cut education funding?


Who needs an expensive public education when the average family is paying low property taxes? You can actually afford to have one parent stay home and engage their children, or afford private school versus having two parents slaving away at work just to pay the property tax bills. Are TX schools as "Good" as MA schools? probably not - but Texans can live in a standard single family home for $150k and not pay $14,000/yr in property taxes on it either.
 
2013-01-08 05:07:39 PM  
How many boar-hunting helicopter rides could you get for $8B?
 
2013-01-08 05:08:17 PM  
The eight billion dollar Texas budget surplus is a big fat lie!

All they actually did last session is authorize departments for 4 years but only approve the budget for 2 years. This is like "saving" half your weekly grocery budget by only purchasing 3 days worth of food. You didn't really save anything, its just a little trick you played to make yourself feel smart.
 
2013-01-08 05:08:21 PM  
the cbs link is also stating that we're talking about fourth grades as well.... take that for what you will
 
2013-01-08 05:08:31 PM  
Meanwhile the counties in the Eagle Ford field are getting their roads pounded to crap from the massive increase in trucking traffic. Frack rigs are everywhere, and they tear the bejesus out of those small county roads. The state won't pay for the damage, so the counties are stuck with the bill.
 
HBK
2013-01-08 05:09:50 PM  

vpb: If Texas had accomplished this by doing something rather than by benefiting from good fortune I would be more impressed
California is projected to have a surplus and they did it by adding jobs and tax increases on the wealthy, no luck involved.


Texas doesn't even have a state income tax. I'd say they're doing pretty damn well.
 
2013-01-08 05:11:04 PM  

Magorn: Wonder if the Federal Government an get back all those educational grants we sent them when they ahd a fiscal emergency and a 6 billion deficit and begged the federal government to fill that hole?

No?

and how does this justify tax cuts anyway?  Would those companies somehow NOT have drilled for oil and Gas in texas and relocated thier drilling operations ovverseas if the taxes hadn;t gone down?

this is a boom fueled by fossil fuel prices not sound economic planning


Some argue tax cuts are sound economic planning. After all didn't Obama extend the Bush tax cuts for that reason-

Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.

Obama Signs Bill To Extend Bush Tax Cuts-Mr. Obama said the bill would create jobs and boost the still-struggling U.S. economy

As far as the Feds getting their money back I would think Texas woud like their money back as they send more to Washington than they get back

BTW most economic booms are fueled by something be oil, gold, financial services etc. To bad California, which ranks third in the nation in oil reserves cannot figure out a way to have a similar economic boom. Texas' two year budget surplus is about 4 times California's current deficit.
 
2013-01-08 05:12:36 PM  
Hmmmm.....Oil and Gas money. Always a rocketship ride to the moon with never ending profits. Boom and....I forget the rest.
 
2013-01-08 05:13:58 PM  
Yes Texas is horrible. Texans arent' educated and smart, despite having best agriculture, Nasa, oil development, software development, military might and medical. Please stay away from Texas.
 
HBK
2013-01-08 05:14:24 PM  

SovietCanuckistan: Hmmmm.....Oil and Gas money. Always a rocketship ride to the moon with never ending profits. Boom and....I forget the rest.


That's true. But Texas is also getting pretty big into wind energy too, as the picture in the article suggests. Texas has a lot of land.
 
2013-01-08 05:14:55 PM  

vpb: If Texas had accomplished this by doing something rather than by benefiting from good fortune I would be more impressed
California is projected to have a surplus and they did it by adding jobs and tax increases on the wealthy, no luck involved.


um....what?
As a member of this fine mess of a state I can't see how this is proper math. The unfunded entitlements alone put us in the deep red. That dumbass train isn't helping and we have the highest number of illegal aliens in the nation. We have 99 problems but a surplus ain't one of them. 2013 is red red red and the "projected surplus" based on taxing the wealthy, improved economic outlooks and welfare reform don't really count as money in the bank if history is any indication.
 
2013-01-08 05:15:05 PM  

Contrabulous Flabtraption: markie_farkie: At what cost?

Texas' education spending is ranked 45th in the nation, and dead last on mental healthcare spending.

Crazy and stupid, just like the GOP likes 'em.

According to CBS News, Texas is tanked 16th in school performance while California is 26th
http://www.cbsnews.com/2300-500172_162-10008953-22.html


You better take another look at that slide show source. It uses a counting method that even someone educated in Texas would see through. There are a bunch of schools tied for 15th and a bunch tied for 16th. Hahahahaha. There are actually only a few schools listed lower than Texas.

Stupid counting is stupid.
 
2013-01-08 05:15:45 PM  
As an Albertan, let me assure you that when your economy is centered around oil and gas it's pretty tough to not be flush with money.
 
2013-01-08 05:15:48 PM  

Zeb Hesselgresser: vpb: California is projected to have a surplus and they did it by adding jobs and tax increases on the wealthy, no luck involved.

Source? I find that hard to believe.


The key is "projected.". For example, they expect that Monty Burns will misplace a trillion dollar platinum coin while visiting.
 
2013-01-08 05:15:48 PM  
My province in Canada was flush with cash because of oil money. They had billions in savings. Then the price dropped and were in debt. No actual money was gained or lost, the surplus was all on paper, the loss too. But people both praised and hated the government for what was just a blip in the market.

........however, the decision to start spending like madmen was theirs. So there's that. But at least we get free health care (as in no premiums at all) at the expense of doctors and teachers! Yay!

CSB
 
2013-01-08 05:15:49 PM  

Insatiable Jesus: By cutting education funding.

Brilliant.


As a father with kids in Texas public schools, I can tell you that "education funding" is a bigger swindle than mining gold from seawater. And that's a fact, Hoss.

Too much money is allocated to pointless fluff programs. Call me a crabby old bastard, but anything other than reading, writing and math is fluff. Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.

You know what we ought to do with that money, we ought to buy up as much bank owned housing stock as we can, then set up a real estate lottery. Dollar a pop, win a house -- and have Vanilla Ice's crew do it up.
 
2013-01-08 05:16:00 PM  

o5iiawah: Who needs an expensive public education when the average family is paying low property taxes?


There you go, folks, Poe's Law in action. Is it truth or is it fiction? Who can tell?
 
2013-01-08 05:16:31 PM  
Steers and Queers...
 
2013-01-08 05:17:32 PM  
How did they get that surplus?

in 2011 put off about $4.7 billion in future Medicaid costs and $2 billion for public schools under the current budget
...
"In the last session, legislators left town saying they'd fully funded Texas's needs and the leadership said they had made tough choices," Castro said. "But when you cut $11 billion out of current services and you face six lawsuits over our school- finance system, you can't say there is no connection."
 
2013-01-08 05:19:00 PM  

ModernLuddite: My province in Canada was flush with cash because of oil money. They had billions in savings. Then the price dropped and were in debt. No actual money was gained or lost, the surplus was all on paper, the loss too. But people both praised and hated the government for what was just a blip in the market.

........however, the decision to start spending like madmen was theirs. So there's that. But at least we get free health care (as in no premiums at all) at the expense of doctors and teachers! Yay!

CSB


THIS. Take it from people who know. Texas North (Alberta) is eating a fiscal shiate sandwich at the moment.
 
2013-01-08 05:19:06 PM  

MJMaloney187: Too much money is allocated to pointless fluff programs. Call me a crabby old bastard, but anything other than reading, writing and math is fluff. Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.


You're a crabby old bastard. Why should our kids learn about the world and people in it? Lathe-turning's all my kids will ever need to do, by Gawd.
 
2013-01-08 05:19:09 PM  
Tomorrow:

Texas announces 8.8 billion dollar subsidy to energy companies.
 
2013-01-08 05:20:48 PM  

markie_farkie: exick: And they plan to do what with that money?

They've been saving up for the Number Six dance..


Battlestar Galactica reference? Nice.
 
2013-01-08 05:20:51 PM  
if I went without heat or food ,told my landlord I wasn't paying rent until next year and didn't buy any new clothes for a decade yeah I imagine I would have some extra money left over at the end of the year too.
 
2013-01-08 05:22:49 PM  
 
2013-01-08 05:23:31 PM  

o5iiawah: Are TX schools as "Good" as MA schools? probably not - but Texans can live in a standard single family home for $150k and not pay $14,000/yr in property taxes on it either.


Wrong New England state, there, dude. It's "freedom-loving" New Hampshire that has a jacked-up property tax, not Massachusetts. And Massachusetts does not rely soley on property taxes to fund its education system.
 
2013-01-08 05:23:47 PM  

taxachucetts: the cbs link is also stating that we're talking about fourth grades as well.... take that for what you will


4th grade is a fairly common metric.  I see that a lot when I'm looking at education standards for various states.  Not sure why, as the field isn't my expertise, but it does pop up everywhere.
 
2013-01-08 05:24:47 PM  
"As the taxable value of oil produced in Texas surged to $39.1 billion in 2011 from $18.4 billion in 2009,..."

Well, duh. Where's the easy button?
 
2013-01-08 05:24:48 PM  

markie_farkie: At what cost?

Texas' education spending is ranked 45th in the nation, and dead last on mental healthcare spending.

Crazy and stupid, just like the GOP likes 'em.


You like winning the thread right out of the gate, don't you?
 
2013-01-08 05:26:30 PM  

HBK: SovietCanuckistan: Hmmmm.....Oil and Gas money. Always a rocketship ride to the moon with never ending profits. Boom and....I forget the rest.

That's true. But Texas is also getting pretty big into wind energy too, as the picture in the article suggests. Texas has a lot of land.


Wind energy takes a good while before the original investment pays off, so that has nothing to do with why they have a surplus now (even if it is a good idea if you have the right sort of land/coast to take advantage of it in the long term).
 
2013-01-08 05:26:35 PM  

maniacbastard: They fired about 100,000 teachers a while back.

that had to save some dough.
Texans are a friendly although stupid bunch.


Fixed that for you.

/Lived there...know from whence I speak.
 
2013-01-08 05:26:39 PM  

Sliding Carp: Isn't sales tax a tax?

(albeit one that disproportionally hits the less well-off, so that's alright then.  Just like the payroll tax.  fark republicans)


Considering what is taxed, if you mathed it out doesn't this hit the poor a bit more percentage-of-their-income wise? Seems like it'd just be a better deal all around for the wealthy to pay a bit more in income tax just to get people to stop whining about it.
 
2013-01-08 05:27:26 PM  

MJMaloney187: Insatiable Jesus: By cutting education funding.

Brilliant.

As a father with kids in Texas public schools, I can tell you that "education funding" is a bigger swindle than mining gold from seawater. And that's a fact, Hoss.

Too much money is allocated to pointless fluff programs. Call me a crabby old bastard, but anything other than reading, writing and math is fluff. Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.

You know what we ought to do with that money, we ought to buy up as much bank owned housing stock as we can, then set up a real estate lottery. Dollar a pop, win a house -- and have Vanilla Ice's crew do it up.


I'm probably right there with you as a crabby old bastard, but I think I'd add decent history & science classes to your list of necessary courses.

/CSB: The priest told my son in Sunday school that people used to live longer because things were cleaner, less polluted back then. After my son told me this, I made him read the book "The Good Old Days - They Were Terrible" to get a better idea of how "clean" and "healthy" things were back in the 1800s, let alone earlier.
 
2013-01-08 05:31:10 PM  

draypresct: MJMaloney187: Insatiable Jesus: By cutting education funding.

Brilliant.

As a father with kids in Texas public schools, I can tell you that "education funding" is a bigger swindle than mining gold from seawater. And that's a fact, Hoss.

Too much money is allocated to pointless fluff programs. Call me a crabby old bastard, but anything other than reading, writing and math is fluff. Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.

You know what we ought to do with that money, we ought to buy up as much bank owned housing stock as we can, then set up a real estate lottery. Dollar a pop, win a house -- and have Vanilla Ice's crew do it up.

I'm probably right there with you as a crabby old bastard, but I think I'd add decent history & science classes to your list of necessary courses.

/CSB: The priest told my son in Sunday school that people used to live longer because things were cleaner, less polluted back then. After my son told me this, I made him read the book "The Good Old Days - They Were Terrible" to get a better idea of how "clean" and "healthy" things were back in the 1800s, let alone earlier.


I hope you had some words with that dumbass priest.
 
2013-01-08 05:34:09 PM  

Mike Chewbacca: draypresct: MJMaloney187: Insatiable Jesus: By cutting education funding.

Brilliant.

As a father with kids in Texas public schools, I can tell you that "education funding" is a bigger swindle than mining gold from seawater. And that's a fact, Hoss.

Too much money is allocated to pointless fluff programs. Call me a crabby old bastard, but anything other than reading, writing and math is fluff. Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.

You know what we ought to do with that money, we ought to buy up as much bank owned housing stock as we can, then set up a real estate lottery. Dollar a pop, win a house -- and have Vanilla Ice's crew do it up.

I'm probably right there with you as a crabby old bastard, but I think I'd add decent history & science classes to your list of necessary courses.

/CSB: The priest told my son in Sunday school that people used to live longer because things were cleaner, less polluted back then. After my son told me this, I made him read the book "The Good Old Days - They Were Terrible" to get a better idea of how "clean" and "healthy" things were back in the 1800s, let alone earlier.

I hope you had some words with that dumbass priest.


In Latin
 
2013-01-08 05:37:56 PM  

Torchsong: maniacbastard: They fired about 100,000 teachers a while back.

that had to save some dough.
Texans are a friendly although stupid bunch.

Fixed that for you.

/Lived there...know from whence I speak.


Cute coming from someone living in Arizona.

4.bp.blogspot.com
 
2013-01-08 05:38:32 PM  

markie_farkie: At what cost?

Texas' education spending is ranked 45th in the nation, and dead last on mental healthcare spending.

Crazy and stupid, just like the GOP likes 'em.


SO MUCH THIS!
 
2013-01-08 05:39:20 PM  
FTA:

Republicans hold all statewide elective offices and run the Legislature

But earlier in the article:

...said state Senator Kirk Watson, an Austin Democrat.


Did I miss something? I thought he was elected into office and a Democrat.
 
2013-01-08 05:39:33 PM  
Also justified:

i.ytimg.com

/and ancient
//doesn't want to rule the land
 
2013-01-08 05:39:47 PM  
Rick Perry was the guy right wingers were dying to nominate for POTUS. All he had to do was shut the fark up and say as little as possible and not come off as a complete buffoon with what little he did say. And that was too tall of an order for him. Yeah, this "surplus" is because of good management of State funds. That's hilarious
 
2013-01-08 05:40:34 PM  

OMDAH: FTA:

Republicans hold all statewide elective offices and run the Legislature

But earlier in the article:

...said state Senator Kirk Watson, an Austin Democrat.


Did I miss something? I thought he was elected into office and a Democrat.


Yes you did
 
2013-01-08 05:43:02 PM  

studs up: Mike Chewbacca: draypresct: MJMaloney187: Insatiable Jesus: By cutting education funding.

Brilliant.

As a father with kids in Texas public schools, I can tell you that "education funding" is a bigger swindle than mining gold from seawater. And that's a fact, Hoss.

Too much money is allocated to pointless fluff programs. Call me a crabby old bastard, but anything other than reading, writing and math is fluff. Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.

You know what we ought to do with that money, we ought to buy up as much bank owned housing stock as we can, then set up a real estate lottery. Dollar a pop, win a house -- and have Vanilla Ice's crew do it up.

I'm probably right there with you as a crabby old bastard, but I think I'd add decent history & science classes to your list of necessary courses.

/CSB: The priest told my son in Sunday school that people used to live longer because things were cleaner, less polluted back then. After my son told me this, I made him read the book "The Good Old Days - They Were Terrible" to get a better idea of how "clean" and "healthy" things were back in the 1800s, let alone earlier.

I hope you had some words with that dumbass priest.

In Latin


Call me lazy, but I did not go to the priest with charts showing death rates (including deaths from murder, disease, etc.) dropping drastically over the centuries along with reports of how sanitation has been handled at different periods of history. It didn't seem likely that I'd make much headway.

Instead, I showed the charts to my son. Then I showed them to a couple of friends, who showed them to their kids in the same class.

/Yes, my friends are used to this sort of thing from me. I overheard one guy using the murder chart to start talking about the history of modern policing with his son.
 
2013-01-08 05:44:36 PM  

o5iiawah: ghare: Which is why Texas cut education funding?

Who needs an expensive public education when the average family is paying low property taxes? You can actually afford to have one parent stay home and engage their children, or afford private school versus having two parents slaving away at work just to pay the property tax bills. Are TX schools as "Good" as MA schools? probably not - but Texans can live in a standard single family home for $150k and not pay $14,000/yr in property taxes on it either.


You do realize that Texans pay quite a large percentage for their property tax, right?

In the Dallas area, the rate is between 2 and 3 percent. 2.5% is roughly 2 times higher than in California. Even in MA, whom you bash for having high property taxes, the rate is only 1.5%.

Texas is 3rd highest in the country. California and MA aren't even in the top 10.
 
2013-01-08 05:44:53 PM  

OMDAH: FTA:

Republicans hold all statewide elective offices and run the Legislature

But earlier in the article:

...said state Senator Kirk Watson, an Austin Democrat.


Did I miss something? I thought he was elected into office and a Democrat.


The GOP holds all of the executive positions and a majority of the legislature.
 
2013-01-08 05:45:02 PM  
I'd like to put this little nugget from today here for some perspective:


Public Education in Texas is running $1 billion short, meaning officials will soon have to seek that much in supplemental appropriations from the state legislature.


That's what Shirley Beaulieu, chief financial officer at the Texas Education Agency, told the court Monday during the state's sweeping school finance trial.

Beaulieu said a $1 billion supplemental appropriation request will be necessary in coming weeks to help school districts make their July expense payments.
 Link  http://www.cbsnews.com/8301-201_162-57562587/education-official-texas - public-schools-face-$1b-shortfall/
 
2013-01-08 05:45:05 PM  

Infernalist: Contrabulous Flabtraption: markie_farkie: At what cost? Texas' education spending is ranked 45th in the nation, and dead last on mental healthcare spending. Crazy and stupid, just like the GOP likes 'em. According to CBS News, Texas is tanked 16th in school performance while California is 26th http://www.cbsnews.com/2300-500172_162-10008953-22.html You can thank the 'No Child Left Behind' concept. These days, Texas kids are taught to pass tests, not critical thinking or to question or explore. They're taught solely to pass the tests, often with help from their teachers. The educators simply can't afford to have failing students due to how NCLB cuts funding for 'badly performing' schools.


And now the state Legislature is wanting to shut down schools that don't pass NCLB standards (which go up to 100% in all disciplines and all sub-pops this year, by the way) for two years. That would be a ton of schools. And they want to add a voucher program that would heavily benefit parochial and privately-owned schools. And they've pumped BILLIONS to Pearson to create a ridiculous test that will screw each and every student out of graduation. This state is ridiculous when it comes to education. They do not want an educated populace. They want ignorant people who will buy their line of crap hook, line, and sinker.
 
2013-01-08 05:45:51 PM  

draypresct: studs up: Mike Chewbacca: draypresct: MJMaloney187: Insatiable Jesus: By cutting education funding.

Brilliant.

As a father with kids in Texas public schools, I can tell you that "education funding" is a bigger swindle than mining gold from seawater. And that's a fact, Hoss.

Too much money is allocated to pointless fluff programs. Call me a crabby old bastard, but anything other than reading, writing and math is fluff. Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.

You know what we ought to do with that money, we ought to buy up as much bank owned housing stock as we can, then set up a real estate lottery. Dollar a pop, win a house -- and have Vanilla Ice's crew do it up.

I'm probably right there with you as a crabby old bastard, but I think I'd add decent history & science classes to your list of necessary courses.

/CSB: The priest told my son in Sunday school that people used to live longer because things were cleaner, less polluted back then. After my son told me this, I made him read the book "The Good Old Days - They Were Terrible" to get a better idea of how "clean" and "healthy" things were back in the 1800s, let alone earlier.

I hope you had some words with that dumbass priest.

In Latin

Call me lazy, but I did not go to the priest with charts showing death rates (including deaths from murder, disease, etc.) dropping drastically over the centuries along with reports of how sanitation has been handled at different periods of history. It didn't seem likely that I'd make much headway.

Instead, I showed the charts to my son. Then I showed them to a couple of friends, who showed them to their kids in the same class.

/Yes, my friends are used to this sort of thing from me. I overheard one guy using the murder chart to start talking about the history of modern policing with his son.


It's general knowledge that people live longer today than they did even 50 years ago. Your priest should have known that. You didn't need to show him any charts, just say, 'Hey, Father Dumbass, people live longer today than they ever have before in the history of humankind. Hell, didn't Jesus die at 33??? Study it up!"
 
2013-01-08 05:45:54 PM  

Peter von Nostrand: OMDAH: FTA:

Republicans hold all statewide elective offices and run the Legislature

But earlier in the article:

...said state Senator Kirk Watson, an Austin Democrat.


Did I miss something? I thought he was elected into office and a Democrat.

Yes you did


That is not a State wide office but a Senate district. Only peoplein his district vote for or against him.  State wide woud be Gov. Lt. Gov. Land Commisioner etc.
 
2013-01-08 05:46:08 PM  
Yes, we also have lots of uninsured people, shiatty public schools, fairly serious crime and the teacher retirement system is running on empty.

So clearly Texas is doing something right.
 
2013-01-08 05:46:54 PM  

Peter von Nostrand: OMDAH: FTA:

Republicans hold all statewide elective offices and run the Legislature

But earlier in the article:

...said state Senator Kirk Watson, an Austin Democrat.


Did I miss something? I thought he was elected into office and a Democrat.

Yes you did


Did I miss the memo that Texas Democrat = Republican? Even one from Austin?
 
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