Texas Comptroller to Testify Before State Senate on Tax Projections
Susan Combs, the Texas Comptroller, is set to testify before the state senate.
She is expected to speak on Texas’ strong rebound from the recession.
It is estimated that there will be over $101 billion in state tax revenues over the next two years, which is approximately 12% higher than the estimate used for the current budget.
Comptroller Comb’s estimates are will be used by the state senate to write the upcoming budget.
Democrats are calling for the increased revenues to be used to increase spending, including at least a $5.4 billion increase in education spending.
Republicans want to maintain lower spending, and some wish to use the increased revenues to lower tax rates or issue refunds.