Chairman of the Senate Finance Committee Senator Tommy Williams has been plugging the “good conservative budget … we can all be proud of” that the Texas legislature passed and Governor Perry left largely intact. Senator Williams claims with this budget, “we are living within our means while funding our priorities.”
Is this really the case?
In his January budget proposal, one of the three priorities identified by Governor Perry was to fund “essential water and transportation infrastructure.” He also laid out 5 principles for the “Texas Budget Compact," one of which was to preserve a strong Rainy Day Fund. The Governor concluded saying