Texas legislators are grappling with a budget deficit of anywhere from $15 billion to $27 billion, depending on who’s doing the counting and what assumptions are used. The state’s chief revenue estimator gave them some more bad news today. The Austin Statesman American reports that, according to the revenue estimator “the state will have a $10 billion structural deficit in future budgets largely because the business tax has underperformed and the 2006 property tax swap has cost more than expected.” You can read the rest here.
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