Texas Comptroller Susan Combs recently released the state’s Biennial Revenue Estimate for the remainder of fiscal year 2013 and the upcoming 2014-15 biennium. Prior to each session and under constitutional obligation, the Comptroller reports to lawmakers the estimated amount of revenue available for the 2014-15 state budget.
In this week's Capitol Update I wanted to briefly highlight legislation the Texas Senate passed that would provide relief to taxpayers.
Senate Bill 1655 (SB 1655) directs the state comptroller and the Public Utility Commission (PUC) to disburse the unobligated balance from the System Benefit Fund to electric providers who are required to return the disbursement to customers.
With less than 40 days left in the legislative session, our days are getting busier and longer in the Texas Senate. Below is a recap of what happened this week.
SENATE BILL 931
Yesterday, I presented Senate Bill 931 (SB 931) to the Senate Finance Subcommittee on Fiscal Matters. SB 931 creates the Texas New Markets Job Act to provide a modest incentive to attract private capital investment in qualified small businesses located in economically distressed areas of our state.
It's been an eventful week at the Capitol and in the District. Please take a moment to read about this week's happenings!
SENATE BILL 547
The threat of financial drain due to litigation is very real for charter schools. Currently, there is no statutory safeguard from protracted litigation for taxpayer funds without Senate Bill 547 (SB 547).
AUSTIN—Senator Kelly Hancock, R-North Richland Hills, has been appointed by Lieutenant Governor David Dewhurst to serve as Vice Chairman of the Senate Economic Development Committee.
Hancock will also sit on the following committees: Business and Commerce, Jurisprudence, Transportation and Senate Administration.
“ The committee assignments announced today reflect the priorities of Senate District 9, “ Senator Hancock said. “ I am grateful to Lieutenant Governor Dewhurst for recognizing the needs of Tarrant and Dallas counties and their desire for conservative leadership.”