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The Texas Economy and The Texas Legislature Susan Combs Texas Comptroller Of Public Accounts

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Susan Combs Texas Comptroller of Public Accounts ... Paying the State share of education (new margins tax). Vaccinating girls against cancer. ... – PowerPoint PPT presentation

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Title: The Texas Economy and The Texas Legislature Susan Combs Texas Comptroller Of Public Accounts


1
The Texas Economy and The Texas
LegislatureSusan Combs Texas Comptroller Of
Public Accounts
2
Welcome!
3
GENERAL DISCLAIMER
4
Role of the Texas Comptroller
  • Collects State Taxes (and some local).
  • Runs the State Treasury.
  • Sets the amount of money available to the
    legislature for the budget.
  • Biennial Revenue Estimate.
  • Advise on Cost of Legislation (Fiscal Notes)
  • A New Role????

5
Our Forecast bias
  • If we are too high
  • If we are too low

6
Our Forecast Horizon
  • Biennial Legislature
  • Meets 140 days every 2 years
  • Biennial Budget
  • (Sept 2007 through August 2009)

7
Flow of Major RevenuesFor the 2008-09 Biennium
8
2007 Sources of General Revenue-related
Funds(Amounts in thousands of dollars.)
9
Net Expenditures by Function
10
Texas and US Economic GrowthFiscal Years 1999
2009(Percentage Change in Gross Domestic Product)
11
General Revenue-Related Funds by Source
12
Legislative Issues
  • Is there a budget surplus or not?
  • Who pays for schools (tax shifting)?
  • Paying the State share of education(new margins
    tax).
  • Vaccinating girls against cancer.
  • Selling the Lottery (more gambling or less)?
  • Higher education.
  • Property tax appraisals vs. spending caps.
  • THE 5 BILLION DOLLAR GORILLA!

13
Is there a surplus?(Amounts in billions of
dollars.)
14
Legislative Issues
  • Is there a budget surplus or not?
  • Who pays for schools (tax shifting)?
  • Paying the State share of education(new margins
    tax).
  • Vaccinating girls against cancer.
  • Selling the Lottery (more gambling or less)?
  • Higher education.
  • Property tax appraisals vs. spending caps.
  • THE 5 BILLION DOLLAR GORILLA!

15
State Share of Public Education Costs1995-2007
(As a percentage of total education funding.)
16
Legislative Issues
  • Is there a budget surplus or not?
  • Who pays for schools (tax shifting)?
  • Paying the State share of education(new margins
    tax).
  • Vaccinating girls against cancer.
  • Selling the Lottery (more gambling or less)?
  • Higher education.
  • Property tax appraisals vs. spending caps.
  • THE 5 BILLION DOLLAR GORILLA!

17
A New Role for the Comptroller and Economists?
  • Old Government
  • New Partnerships
  • An Honest Broker

18
For more info
  • Comptroller Website
  • http//www.window.state.tx.us/
  • My e-mail
  • don.hoyte_at_cpa.state.tx.us
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