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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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15371 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 05:47:07 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.


I live in Massachusetts and live in a standard 250K home and my tax bill is 3k. Soooo..... nice try.
 
2013-01-08 05:48:44 PM

James!: Didn't texas take a huge bailout for education from the federal government and just throw it at their deficit?


Misappropriating federal tax dollars? This is unheard of!
 
2013-01-08 05:48:49 PM

OMDAH: 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?


No, you missed the "statewide" office part. As in governor, etc. There are democrats in the legislature, but the legislature is Republican-controlled.
 
2013-01-08 05:48:55 PM
They should use the surplus to buy every Texan a gun
 
2013-01-08 05:49:18 PM
@Hasty

Ahh okay, I just assumed they meant anybody in the state legislature.

/must learn to not assume
 
2013-01-08 05:49:37 PM
I cut spending on my mortgage 100% and saved thousands.

Now I have nowhere to live.
 
2013-01-08 05:50:39 PM

Watubi: They should use the surplus to buy every Texan a gun


That sounds like socialism to me.
 
2013-01-08 05:50:48 PM
1) Energy boom
2) They deferred $6.7B in costs that have to be paid

So yeah, this is all about the miracle of cutting taxes and "cutting" spending, by which I mean kicking it down the road and declaring triumph.

Gee I wonder what the story will be in 2014.  Burning oil rigs, massive financial scandal, huge deficits?  We'll see soon enough.
 
2013-01-08 05:51:10 PM

Rev.K: I cut spending on my mortgage 100% and saved thousands.

Now I have nowhere to live.


+1
 
2013-01-08 05:51:21 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.


As a percentage of home values our property taxes are some of the highest in the country because we don't have income tax. This fact artificially raises rent prices while simultaneously holding down home prices. This was a good thing during the housing crisis because our home values didn't become as inflated. We still lost value but it wasn't as large of a bubble.

Unfortunately the high rents disproportionately place the burden of taxes on lower income people because the landlord passes those costs on to them.

The really sad part is that when you add up all these hidden taxes, the real tax rate in Texas is inline with pretty much everywhere else and we have very little to show for it.
 
2013-01-08 05:53:13 PM

FlashHarry: FTA: The Texas economy has topped budget projections over the past 15 months, as booming energy output fueled job growth and an 11 percent fiscal first-quarter gain in sales-tax receipts, the biggest source of general-fund revenue.


And?
 
2013-01-08 05:53:47 PM
i2.cdnds.net

"Oh, sh*t, it's a piggy bank!"
 
2013-01-08 05:55:04 PM

MJMaloney187: . Every social studies program in America ought to be unfunded, shut down and replaced with shop/trade classes.


I used to be against a fence on the Texas border, but more and more I'm a'leaning that way.
 
HBK
2013-01-08 05:55:17 PM

you have pee hands: Watubi: They should use the surplus to buy every Texan a gun

That sounds like socialism to me.


Why would we each need two guns?
 
2013-01-08 05:55:18 PM

ghare: James!: bradkanus: 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.

A little perspective would be nice given that Texas educates more ESOL kids than any other state by a factor of somewhere around three.  It's hard to pass tests that aren't in a language you speak.

Actually California is first with ESL students.  link

And California will be running a surplus next year after RAISING taxes!


And California ranks 43rd in education spending

Remains to be seen if they can run a surplus , plus the economy still sucks .

But let us look at another example:Illinois

2011 Illinois raised taxes

2012 Illinois Budget Deficit Worst In The Nation: State Is Reportedly $43.8 Billion In The Red
 
2013-01-08 05:56:35 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.


45th in the nation on spending to get 12th in the nation on education results... that sounds like good value to me.

Ignorant and dependent, just like the Democrat's like 'em...
 
2013-01-08 05:58:03 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.


Lol no. They "might" do it with tax increases and spending cuts that give revenue a chance to catch up after years.
 
2013-01-08 05:59:07 PM
Lawmakers, who convene tomorrow for a five-month session, in 2011 put off about $4.7 billion in future Medicaid costs and $2 billion for public schools under the current budget, and now must pay those bills.

Brilliant, Subby. I'm not going to pay rent or utilities this month, drastically saving on my budget. Sure, next month, they'll be asking for twice as much, plus interest, but we'll let future me worry about that. I'm being Fiscally Responsible!
 
2013-01-08 05:59:08 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.


Not crazy. As a father of a son in the young and impressionable stage, I too teach him why authority needs to be questioned at every turn. That includes me. You'll never fix an adult, but the kid learns to think for himself and not be a sucker. When they finally go out the door, you've done your job.
 
2013-01-08 06:00:46 PM

russsssman: 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.


And yet Californains seem to want to move here:

Californians moving to Texas in record numbers
 
2013-01-08 06:02:11 PM

ghare: James!: bradkanus: 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.

A little perspective would be nice given that Texas educates more ESOL kids than any other state by a factor of somewhere around three.  It's hard to pass tests that aren't in a language you speak.

Actually California is first with ESL students.  link

And California will be running a surplus next year after RAISING taxes!


No. It's got a 2 billion deficit according to the latest estimate from the legislative budget analyst, and that assumes that Cal will hit its target of 8.5 billion more in money coming in due to the Prop 30 tax increase. That's a big 'if', and would be a surprise given the past track record on revenue projections.
 
2013-01-08 06:02:26 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.


I don't disagree with your point, but how is shop/trade class not fluff? You listed reading, writing and math. Shop/trade isn't any of those three.

Another reason most schools have dropped shop/trade is insurance. You have a power saw or an acetylene torch and some kid goes bonkers with it and loses a finger or an arm, that's not going to do well to the school district's insurance premium. Same with other sports besides the standard sports (even though football is such a high-injury sport). When I was in high school, we had trampoline, archery, golf. They won't teaching any of that because insurance for them is too high, and some insurers don't even have a policy for the more esoteric sports like fencing or archery. You can't even get a policy for them.

Teaching social studies is much cheaper on the insurance premiums.
 
2013-01-08 06:03:08 PM
I'm guessing most of that surplus came from drilling and fracking. Our kids are retarded and the air is crunchy but we have a surplus!
 
2013-01-08 06:04:22 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.


Well sure - raise taxes by $6 billion and you BETTER have a surplus.. but how many people are fleeing the state because of it?

Between 1960 - 1990, 4.2 million Americans moved to California from other states.

Since 1990, 3.4 million residents have fled to other states, like Texas, Nevada, Arizona, Oregon, Washington, Colorado, Idaho, Utah, Georgia and South Carolina.

The U.S. Census reported last year that residents of California are fleeing the state at a faster rate than people leaving any other state. The most common state-to-state move in 2010 was California to Texas, according to the Census.

Currently, more people are leaving the state than migrating to it. Unless that trend is reversed, California is going to be very hard pressed to maintain that surplus without raising taxes even higher (and they're already amongst the highest in the country), which will push even MORE people out.

And who can blame them? When people actually look at the buying power of their dollar in California in comparison to other states, the can live much better even with a lower income in other states.

For instance, according to the CNN Cost of Living Calculator, if you make $100,000 in San Jose CA, you can live comparatively in Dallas or Houston for only $59,000, with the largest savings of course in housing.
 
2013-01-08 06:04:51 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.


Ha ha ha ha ha ha ha ha ha a surplus when? We have underfunded pension liabilities in the billions.
 
2013-01-08 06:04:59 PM

hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers


There was a move here in CA to stop TX business recruiters from trolling Vernon (industrial city in LA) because they kept enticing the owners to move their facilities to TX. Apparently, the recruiters won. Enjoy our middle class.
 
2013-01-08 06:05:19 PM

flamingboard: I'm guessing most of that surplus came from drilling and fracking. Our kids are retarded and the air is crunchy but we have a surplus!


No worries, environmental studies paid for by the gas companies say everything is a-okay. And they have no reason to lie
 
2013-01-08 06:05:49 PM

hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers


why? they get sick of over-running Colorado?
 
2013-01-08 06:05:49 PM

fartacus: 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.

45th in the nation on spending to get 12th in the nation on education results... that sounds like good value to me.

Ignorant and dependent, just like the Democrat's like 'em...


Except that those "overall" results that Texas ranks 12th in are a combination of "performance" where they're below average or near failing in every category, and "standards" where they're at the top. This means:
1) They're not living up to their own standards, which can't be good value by anyone's definition.
2) Using standards as part of your metric artificially inflates failing statistics. If your state high school graduation rate is at 40% but you have "standards" that say you want a 100% graduation rate, you can't combine those to say you have an average of 70%.
 
2013-01-08 06:06:22 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.


There's lots of fluff for sure but just blindly cutting everything "non-essential" and replacing it with "trade school" is just as bad. First of all you will never get everyone to agree on what "essential" means. For example I think every student in America should have some kind of programming course and learn some advanced computing beyond MS Word.

Secondly, cutting everything except reading, writing and math is based purely on economics, i.e. "you can't get a job with all that other stuff" but we live in a world where people can choose what they want to do and we need thinkers, dreamers and creativity as well. Students aren't drones

Thirdly, all that fluff stuff contributes to a well-rounded education which has been scientifically shown to produce better student and in turn better people. Social studies promotes understanding so people learn how to interact with people outside their ethnic/religion/whatever background. In an increasingly globalized society this is extremely important. And the creative fluff helps people in the essential areas. Musicians are better at math for instance.

Finally trade school just doesn't cut it in our economy. Even if we had an army of kids who understood a trade it isn't going to be bring back manufacturing jobs to the US. Did you realize that manufacturing output in the US has increased since the 1960s? It isn't that we're producing less stuff, it's that we've automated the production. We need fewer people in the manufacturing workforce. In the coming years the developing world is going to experience the same thing and all of their manufacturing workers are going to start doing "fluff" stuff too. We need to invest in our educational system now so we can remain competitive.
 
2013-01-08 06:07:25 PM
FTFA ""Lawmakers, who convene tomorrow for a five-month session, in 2011 put off about $4.7 billion in future Medicaid costs and $2 billion for public schools under the current budget, and now must pay those bills. With Combs projecting an $8.8 billion surplus by Aug. 31""


How do they have a surplus of $8.8 billion when they owe $6.7 billion for medicaid and schools???

My head asplode. Someone please explain the fuzzy government math to me
 
2013-01-08 06:08:12 PM
img.youtube.com
Justified and ancient.
 
2013-01-08 06:08:33 PM
Time to start investing in your state again Texas government, the state has the potential to be a lot better than it is now.
 
2013-01-08 06:08:52 PM

hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers


Take all you want

/we're happy to see them leaving
 
2013-01-08 06:09:00 PM

ghare: Which is why Texas cut education funding?


Hey, now. Leave BradKanus alone. He's not feeling well today. Acording to his sucky blog, he has the flu.
 
2013-01-08 06:09:01 PM
political theater stunt. get back to this in a year or two and see how well it works.
 
2013-01-08 06:10:17 PM

sweetmelissa31: I hear you can get a pretty sweet fence for $8 billion.


Yep, hire the chinamen and it could last a while.
 
2013-01-08 06:10:19 PM

russsssman: 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.


Says the dumbass that doesn't know where to place an apostrophe and whose sentence is missing an article.

You sound fat and illiterate, Russ.
 
2013-01-08 06:12:07 PM

robsul82: Yeah, let's just turn the narrative and point out that the fourth season of "Justified" starts tonight at 10 PM eastern!


Hear, hear!

TheOther: robsul82: Yeah, let's just turn the narrative and point out that the fourth season of "Justified" starts tonight at 10 PM eastern!

STILL grin when I think about 'disarmed'...


Oh shiat, it's a piggy bank!
 
2013-01-08 06:13:03 PM

MaudlinMutantMollusk: hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers

Take all you want

/we're happy to see them leaving


Just checked your profile. I used to hang out in Georgetown and Cool all the time when I was in high school.

/Had friends that lived up there.
//Also, I thought that was Greenwood's slogan
 
2013-01-08 06:13:17 PM

MJMaloney187: 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.


You sound exactly like I'd expect a Texan to.
 
2013-01-08 06:16:32 PM

hasty ambush:

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.


That's because Californians are familiar with the concept of "what happens next?"
We don't tear the earth up as much as we used to to get at what's underneath because "what happens next" is the water and air get farked up for generations.
Many places and people in Texas just don't give a sh*t, because they think what they dig or suck up will never run out, there will never be any consequences like flammable tapwater or flooding or poisoned wells or sinkholes, and that gawd will put it all back anyway.
 
2013-01-08 06:16:35 PM

mgshamster: MaudlinMutantMollusk: hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers

Take all you want

/we're happy to see them leaving

Just checked your profile. I used to hang out in Georgetown and Cool all the time when I was in high school.

/Had friends that lived up there.
//Also, I thought that was Greenwood's slogan


It's still weird, I guarantee you that

/hoping to move to Garden Valley next month
//town really sucks
 
2013-01-08 06:19:21 PM

TheJoe03: Time to start investing in your state again Texas government, the state has the potential to be a lot better than it is now.


Have you been to Texas? This is pretty unlikely.

MaudlinMutantMollusk: hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers

Take all you want

/we're happy to see them leaving


farking bastards. They have really farked up downtown bad. Between the hipster invasion from cali a few years back and the monorail they force fed us and then the god damn toll roads. God dammit now I need a drink.
 
2013-01-08 06:19:31 PM

hasty ambush: But let us look at another example:Illinois

2011 Illinois raised taxes

2012 Illinois Budget Deficit Worst In The Nation: State Is Reportedly $43.8 Billion In The Red


Wonder what state ex-senator Obama was from...

/in CA and NOBODY is talking surpluses right now
 
2013-01-08 06:21:42 PM

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


I hope they are paying for their medicare and medicaid payments...which they gave an IOU to last year.
 
2013-01-08 06:22:36 PM

Citrate1007: What they should do: Teach their dumbass children something other than football and cheerleading.
What they will do: A big farking fence.


yes but where will they build the fence? on the mexican side of the okie side or will they block the lap landers
 
2013-01-08 06:24:02 PM

orclover: TheJoe03: Time to start investing in your state again Texas government, the state has the potential to be a lot better than it is now.

Have you been to Texas? This is pretty unlikely.

MaudlinMutantMollusk: hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers

Take all you want

/we're happy to see them leaving

farking bastards. They have really farked up downtown bad. Between the hipster invasion from cali a few years back and the monorail they force fed us and then the god damn toll roads. God dammit now I need a drink.


What's wrong with public transit? I have friends who lived in TX while going to grad school, and they said public transit in Texas is shiat-tastic. And don't blame Californians for toll roads. There are very, very few toll roads in CA. That's a Rick Perry thing. And I heard Austin had a pretty cool downtown area...
 
2013-01-08 06:25:23 PM

4NTLRZ: russsssman: 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.

Says the dumbass that doesn't know where to place an apostrophe and whose sentence is missing an article.

You sound fat and illiterate, Russ.


I work in Texas. Yeah, they're generally pretty stupid. I am able to ascertain that not merely by my interations with coworkers (who fairly generally are ok) but rather by reading the goddamned derpfest that is the Houston Chronicle daily.
 
2013-01-08 06:25:48 PM

MaudlinMutantMollusk: mgshamster: MaudlinMutantMollusk: hasty ambush: russsssman: 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.

And yet Californains seem to want to move here:

Californians moving to Texas in record numbers

Take all you want

/we're happy to see them leaving

Just checked your profile. I used to hang out in Georgetown and Cool all the time when I was in high school.

/Had friends that lived up there.
//Also, I thought that was Greenwood's slogan

It's still weird, I guarantee you that

/hoping to move to Garden Valley next month
//town really sucks


I don't doubt you.  Some CSB time:  I once dated a girl out there. Lasted about a month.  A little more than half a decade ago, I ran into her little sister (this time all grown up).  Turns out she always had a crush on me.  We went out on a few dates, and then I ran as fast as I could; she was deep in the crazy.  Later on, she started dating a friend of mine.  They ended up getting married.  After the wedding, her mom told my friend, "Welcome to the asylum. She's your problem now."

/My friend is kind of an idiot
//He ignored all my warnings about her being crazy
///But it did give me the opportunity to tell him, "Your dating who? Yeah, I know her. I dated her once. And her sister."
/Slashies!
 
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