The state comptroller estimates that Texas will generate $96.2 billion in general revenue in 2014-2015, a major jump in tax collection from the last two-year budget cycle.
Republican Comptroller Susan Combs on Monday was releasing her biennial revenue estimate. The crucial number sets the limit on what lawmakers can spend for 2014 and 2015, when Democrats and teachers hope to reverse, or at least bandage, deep cuts in the current budget that included $5.4 billion slashed from public education.
Combs reported Monday that the state collected $8.8 billion more revenue during the current 2012-2013 revenue cycle than she initially forecast, giving lawmakers breathing room in settling a $5.2 billion deficit in the current budget.
“Texas experienced a very strong rebound from a severe recession,” Combs said.
Witchery! Sorcery! Deviltry! Necromancy! Voodoo!
Meanwhile, back in Washington, I am guessing the high priests of the leftist clericy are plotting to burn the Wicked Witch of the West for its heresy. Watch and see…