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lists 42 of 50 states which will be in deficit in 2009 for a total of over $106 billion – more than one third of this total is California’s alone. In 2010 the projection gets worse, as 46 states project shortfalls of a staggering $133 billion. By 2011 only Montana, North Dakota and Wyoming are expected to still be in the black.
Early Saturday morning, just after 4:00 AM, the Texas House of Representatives unanimously approved a $178.4 billion budget for 2010-2011.
During the 18 hour budget marathon, the House took up 225 amendments, increased funding for both college financial aid and child healthcare coverage, and managed to keep controversial legislation off the floor.
“I appreciate the outstanding work of Appropriations Chairman Jim Pitts, Vice Chair Richard Raymond, and all Members of the House of Representatives for passing a sound budget which is fiscally responsible and funds essential government services,” commented Texas House Speaker Joe Straus.
House Budget highlights:
- General revenue spending reduced by 2.5%
- No dollars used from the state’s Rainy Day Fund
- Increased funding for education and healthcare
- Pay raises for workers in adult and youth correctional systems
- Federal stimulus dollars spent only on one-time expenditures