Reaction Paper 4 (5) - J ames Shipp Texas Government...

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James Shipp Texas Government (10:35a-11:50a MW) 12-04-09 “Legislative bodies seldom live up to what the public expects of them.” – Texas Monthly Considering the current financial state of our country, one could be proud to live in Texas, being the state least impacted by the recession. That being said, our state’s budget should be the most important responsibility for our legislature. A recent article from an Amarillo news website states that Texas’ “rainy day fund” will be close to $1 billion dollars less than what was originally expected. This information came from a report released in late November by Texas’ comptroller, Susan Combs. Her original projection made in January was stated at $9.1 billion. The decrease to $8.2 billion was influenced by the falling price of natural gas, fearing that this would lead to less production and, ultimately, less tax revenue. At first, one thinks “well, it’s only the rainy day fund… no big deal.” Unfortunately, legislators had already planned to use a bulk of this money to fill some other holes
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Reaction Paper 4 (5) - J ames Shipp Texas Government...

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