Monday, January 10, 2011

Texas Whopper: 2-Year Budget Deficit Estimate at $27 Billion!

Texas is expected to collect $72.2 billion in taxes, fees and other general revenue during the 2012-13 budget, down from the $87 billion used in the current two-year budget, Comptroller Susan Combs announced Monday.

That puts the shortfall at $27 billion given that maintaining services would run $99 billion for the 2 year period.

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