Contact Us

Texas Comproller Susan Combs Certifies 2014-2015 State Budget

Texas Comptroller Susan Combs issued the 2014-2015 Certification Revenue Estimate to state lawmakers on Thursday.

In process of verifying the 2014-2015 budget, the report also states that economic growth has created a $2.5 billion surplus.

Combs said oil and gas exploration are driving the state’s fiscal fortunes. She also expects the state’s Rainy Day Fund to have a balance of about $8 billion by the end of 2015.

Governor Rick Perry was pleased with the news, “Texas government budgets like Texas families, limiting spending and saving hard-earned dollars. As a result, Comptroller Susan Combs estimates our current 2014-2015 budget will end with a positive balance of nearly $2.6 billion. What’s most remarkable is we’ve done this while passing $1.4 billion in tax cuts, and we’ve made historic investments in water and, if voters approve, roads. It’s a shame Washington still hasn’t learned, you can’t tax and spend your way to prosperity.”

Combs, who isn’t seeking re-election next year, has been criticized over the years for giving lawmakers overly conservative revenue estimates that impact their spending decisions. Budget-writers returned to the Capitol this spring greeted with an extra $8.8 billion in unspent revenue.

Information from the Associated Press used in this report

More From KFYO

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kfyo.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on News/Talk 790 KFYO quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on News/Talk 790 KFYO quickly by logging in with your Facebook account. It's just as secure, and no password to remember!