Texas to Generate More Than $92 Billion In Revenue From 2014 to - kcentv.com - KCEN HD - Waco, Temple, and Killeen

Texas to Generate More Than $92 Billion In Revenue From 2014 to 2015

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(KCEN) -- Texas will generate 92.6 billion dollars in general revenue in 2014 to 2015.

It represents a major jump in tax collection from the last two-year budget cycle.

State Comptroller Susan Combs says more than 3.6 billion dollars will automatically go into the rainy day fund so the legislature has immediate control over how 89 billion dollars can be spent.

She said, "It's our policy, however, always to be careful and prudent and conservative and we try the best that we can."

But that doesn't mean they will spend all of it.

Gov. Rick Perry has promised to limit any increase in state spending to a sum of population growth plus inflation, or 9.85 percent.

 

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