Texas cuts spending and revenues go up…

Economic muggles everywhere are dumbfounded.

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…

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8 Responses to Texas cuts spending and revenues go up…

  1. R.D. Walker says:

    Wait. These are 2012 numbers right? How can there be economic growth in 2012? Texas didn’t provide free birth control in 2012 and we all know that economic growth is predicated on the giving of free birth control.

    Somebody needs to check the files and advise…

  2. Uke says:

    Clearly Obamanomics worked.

    In Texas. >_>

  3. rj says:

    Lets see, business friendly, good labor force, no state income tax,decent roads, crime rates here compare decent as compared to major metro areas,

    economic muggles absolutely confounded

  4. R.D. Walker says:

  5. Notamobster says:

    Burn her!

    Texas must be doing some stuff right.

  6. Greg B says:

    Nothing to see here.
    Just move along.

  7. BigJimTX says:

    Blaming it on the oil boom wouldn’t do them a bunch of good either. The shale oil/gas is what has our economy on fast track. That and the conservatives have what almost resembles a spine around here.

  8. RJ says:

    Occasionally I hear a relocated NE lib or Calif idiot announce that what ever their perceived wrong of the day “its not that way where I came from” to which I usually reply, well if you don’t like it leave.