Texas House Bill HCR29

Texas 2009 - 81st Regular

• Introduced: 2/2/09
• Refer: 2/18/09

Caption

Expressing the intent of the Texas Legislature that the state accept federal economic stimulus funds appropriated under the American Recovery and Reinvestment Act of 2009 or any similar legislation.

Impact

The resolution highlights the federal stimulus package's potential to inject approximately $27 billion into the Texas economy. This funding is aimed at mitigating state budget cuts and preserving essential services that support job creation and economic stability during a time of increasing unemployment. Such acceptance of federal funds would allow the state to effectively leverage external financial resources to address immediate economic challenges and lay the groundwork for recovery and growth.

Summary

HCR29 is a concurrent resolution introduced in the Texas Legislature expressing the intent for the state to accept federal economic stimulus funds as outlined in the American Recovery and Reinvestment Act of 2009. The resolution emphasizes the significant financial challenges facing Texas due to the national economic crisis, projecting a revenue shortfall of $9.1 billion for the 2010-2011 budget cycle, which could lead to detrimental funding cuts for essential services like education and transportation.

Contention

A notable point of contention surrounding HCR29 could be the political implications of accepting federal funds, especially with concerns about the state's reliance on federal assistance. While proponents argue that this step is crucial for combating the recession's impacts, critics may raise issues regarding the long-term economic strategies and the potential weakening of state autonomy in the face of federal influence. Overall, the resolution underscores the urgency for state action to capitalize on available resources to support Texas households and businesses.