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The latest economy news from The Texas Tribune.

  • TribBlog: The Comptroller's Big Reveal

    By Ross Ramsey

    The state will have $77.3 billion in general revenue during the next two-year budget cycle, Comptroller Susan Combs said this morning. The comptroller estimated the Rainy Day Fund will have $9.4 billion in it at the end of the 2012-2013 biennium and that the size of the current deficit is $4.3 billion. Full Story 

    Comptroller Susan Combs giving a biennial revenue estimate in Austin on Jan. 10, 2011.
    Credit: Bob Daemmrich

  • Green House

    By Ross Ramsey

    The biggest caucus in the Texas House is the Republicans', now with 101 members. Next? The Democrats', at 49. And then there’s the freshman class — one of the biggest in years — with 38 members. All but six are Republicans, and many of them replaced Democrats. They face some challenges. Full Story 

    Members of the freshmen class of 2011 at their new member orientation in December 2010.
    Credit: Justin Dehn

  • The Revenue Guesstimate

    By Ross Ramsey

    Lawmakers are waiting for Comptroller Susan Combs to forecast exactly how much money the state will collect between now and August 2013 so they can write a two-year budget that spends no more than that. It's not exactly like opening the envelopes at the Oscars, but the Capitol community will be hanging on her every word. If history is a guide, her estimate of revenues will be closer to the bull's eye than the Legislature's estimate of spending. But this is a dark art; accuracy can be elusive. Full Story 

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    Credit: Illustration by Todd Wiseman/Bob Daemmrich

  • Unfunded But Vital?

    By Morgan Smith

    Get acquainted with a phrase that will be oft-repeated in the upcoming 82nd Legislature’s brawls over public education: unfunded mandate. To help schools cope with any reduced funding, lawmakers will look to relax state regulations that create costs local school districts bear on their own or with limited help from the state. But will dropping these requirements hurt educational quality? Full Story 

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    Credit: Illustration by Todd Wiseman, Brent Hoard/Elizabeth Albert

  • A Taxing Problem

    By Ben Philpott, KUT News

    It's not hard to find strange bedfellows in the Texas Legislature when the bills start flying. Republicans and Democrats frequently cross the aisle to support legislation that they feel will help their constituents. As Ben Philpott of KUT News and the Tribune reports, the same could be true as lawmakers try to figure out how to balance the state budget. Full Story 

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  • A Taxing Problem

    By Ben Philpott, KUT News

    It's not hard to find strange bedfellows in the Texas Legislature when the bills start flying. Republicans and Democrats frequently cross the aisle to support legislation that they feel will help their constituents. As Ben Philpott of KUT News and the Tribune reports, the same could be true as lawmakers try to figure out how to balance the state budget during the upcoming legislative session. Full Story 

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  • Now What?

    By Ross Ramsey

    Texas alternates election years with governing years, with legislative sessions set in the odd-numbered years after voters choose their leaders. There are variations, but it’s got a rhythm: Choose them, watch them govern, choose, watch. The elections behind us, it’s time to see what this particular bunch will do. Full Story 

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    Credit: Illustration by Todd Wiseman

  • Biennial Blues?

    By Kate Galbraith

    Come January, as Texas lawmakers begin work to pass bills and tackle the yawning budget gap, they will go up against a simple but implacable barrier: time. Texas is one of a dwindling number of states whose legislatures hold scheduled meetings only every two years. Just three other, far smaller states — Montana, North Dakota and Nevada — still have biennial legislative sessions. Lawmakers differ on whether this is a good thing or a bad thing, especially for budgeting. Regardless, Texas seems unlikely to change anytime soon. Full Story 

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    Credit: Todd Wiseman

  • National Treasure

    By Matt Largey, KUT News

    Texas lawmakers have vowed to cut their way to a balanced budget, in the face of a shortfall that could be as high as $25 billion. But their task pales compared to the federal government, which ran a deficit of almost $ 1.3 trillion last fiscal year. As KUT’s Matt Largey reports, a lot's at stake for Austin when the next Congress gets down to business on the next federal budget. Full Story 

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  • The Forever Business

    By Ross Ramsey

    Got a hole in your budget? Cut spending. Shake the couch for spare change. Raid your savings. Ask for a raise, if you think you can get away with it. And when all else fails, sell your assets, right? Not in Texas. The folks who handle the state’s real estate are focused not on the current budget mess, but on ambitious building plans they say will make long-term financial sense for taxpayers. Full Story 

    This rendering, from the Texas Facilities Commission, shows the locations for proposed new state-owned buildings in pink, sites for privately owned buildings on leased state land in blue, and a mall stretching for four blocks north of the Capitol (the light green area on the upper right).
    Credit: Texas Facilities Commision

  • Bound for Home

    By Julián Aguilar

    As he sat in traffic last Saturday on the final stretch of I-35 in Laredo in a truck loaded with U.S. goods, Higinio Navarrette was a microcosm of the holiday season on the border: an area where the local economy is as affected by security and cartel-related violence as it is by the nationwide economic slowdown. Full Story 

    Thousands of motorists wait in line on the southernmost stretch of IH-35 in Laredo, Texas. Despite a global recession and escalating violence in Mexico thousands of "paisanos" still made the trek south for Christmas. As the hours passed, however, their concerns about traveling Mexico's highways at night grew. A recent prison break in Nuevo Laredo didn't help soothe their fears about bandits lurking on the roadways. "We might have to get a hotel here," said one traveler.
    Credit: Julian Aguilar

  • Open for Business

    By Julián Aguilar

    So much for the economic impact of headline-making violence. Despite being on track to exceed 3,000 homicides this year, Juárez has seen its manufacturing sector flourish, regaining since July 2009 a quarter of the jobs lost during the height of the recession. More than $42 billion in trade value moved through the ports that the city shares with El Paso last year, and that number should be higher in 2010. And the amount of of tractor-trailer traffic hauling goods through the region was 22 percent greater in the first six months of this year than it was in the same period last year. Full Story 

    Factory workers in Ciudad Juárez assemble components for hair dryers on a manufacturing line managed by El Paso-based TECMA, an outsourcing company that had one of the best years on record in 2009. Last year’s success came despite Ciudad Juárez logging more than 2,600 murders.
    Credit: Julián Aguilar

  • School's Out

    By Morgan Smith

    The budget shortfall — estimated to be as much as $28 billion — will require the Legislature to take a paring knife and possibly a machete to government agencies and programs. The largest single consumer of state dollars is public education, so it’s hard to imagine a scenario in which funding for teacher salaries, curricular materials and the like isn’t on the chopping block, especially if lawmakers want to make good on their promises of no new taxes. But where is that money going to come from? Full Story 

    Crowded classroom in Edgewood School District, San Antonio, TX
    Credit: Bob Daemmrich

  • Sell It Like It Is

    By Ben Philpott, KUT News

    Republican leaders in the Texas Legislature are insisting that it will be a no-new-taxes session. In response, one Democratic lawmaker is pushing to expand the definition of the word "taxes" to include fees. Ben Philpott of KUT News and the Tribune reports. Full Story 

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    Credit: Illustration by Todd Wiseman

  • Sell It Like It Is

    By Ben Philpott, KUT News

    Republican leaders in the Texas Legislature are insisting that it will be a no-new-taxes session. In response, one Democratic lawmaker is pushing to expand the definition of the word "taxes" to include fees. Ben Philpott of KUT News and the Tribune reports. Full Story 

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    Credit: flickr.com/photos/dborman2

  • Unemployment Benefits Set to Run Out for Many Texans

    By Matt Largey, KUT News

    New jobless numbers show that the nation as a whole added fewer jobs than expected last month. Here in Texas, things appear better, but there are still plenty of people out of work — and as Matt Largey of KUT News reports, the job market can be an especially daunting place for those who are out of work the longest. Full Story 

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  • Inside Intelligence: The Railroad Commission Should Be...

    By Ross Ramsey

    For this week's installment of our nonscientific survey of political and policy insiders on issues of the moment, we asked whether the Texas Railroad Commission should live or die and whether the commissioners ought to be appointed or elected. And we asked for suggestions on what government is doing now that it ought to stop doing. Full Story 

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