P.O. Box 12068, State Capitol
Austin, Texas 78711
Tel. (512) 463-0112
FOR IMMEDIATE RELEASE
September 24, 2014
AUSTIN — Texas State Senator Jane Nelson, R-Flower Mound, today presided over a Senate Finance Committee hearing focusing on the major drivers of the Texas Budget. The committee heard a presentation from the Texas Legislative Budget Board (LBB) and discussed major state issues, including education, transportation and health and human services.
"We are blessed to have a successful and growing economy that can more than provide for our needs. However, our success also increases our costs," said Senator Nelson. "As more and more people move to Texas, that means there are more children to educate, more drivers on our roads, and more patients in our health care system. It is important for us to understand what drives the costs of our budget so that we can make changes to ensure our future success."
The LBB presented information on several programs that combined make up more than 75 percent of Texas' state budget. Those programs included: public education; higher education; Medicaid; mental health; transportation; water; and state retirement programs. Together, those programs accounted for $152.7 billion of the 2014-2015 budget.
The next Senate Finance Committee hearing will take place Wednesday, October 29 where the committee will discuss Texas' various revenue streams and tax system.