Texas to have estimated $8B surplus for start of session
Texas lawmakers will soon get a glimpse of the state's budget forecast as they head into the upcoming legislative session.
Observers are anticipating an $8 billion budget surplus, but some analysts say that's not really the case.
Researchers at the Center for Public Policy Priority say it may seem that more money is coming in, but that's only because lawmakers didn't anticipate enough revenue when they made massive cuts to balance the budget in 2011.
"You look at what we really haven't taken care of, or whether we're looking at growth in the future," CPPP Budget Analyst Eva Deluna said. "Anyone who says there's a surplus really doesn't understand how the stage budget works."
Lawmakers had some tough decisions to make in 2011 to balance the state's $27 billion shortfall, which led to huge cuts to education and health care.
Lawmakers have to decide what, if any, of that funding will be restored this legislative session, which starts Tuesday.