Relating to excepting certain appropriations from computations regarding the constitutional limitation on the rate of growth of appropriations.
Impact
The proposed changes in SB101 would specifically affect the Legislative Budget Board's determinations on state funding levels. This includes provisions for estimated economic growth rates and appropriations which mean that it could enable higher levels of spending on programs deemed necessary without breaching the constitutionally mandated growth limitations. As a result, this legislative action could facilitate more robust funding measures for essential public services.
Summary
SB101 aims to amend the Government Code regarding the constitutional limitation on the rate of growth of appropriations from state tax revenues. The bill seeks to except certain appropriations from this calculation, potentially impacting how funds are allocated within the state budget. By adjusting the growth estimates used to establish appropriations limits, the bill expresses legislative intent to contribute to economic stability and strategic debt reduction.
Contention
Discussions around SB101 might raise concerns regarding fiscal responsibility and the sustainability of increased appropriations. Critics may argue that expanding the scope for appropriations undermines the effectiveness of existing financial controls intended to prevent overspending. Nevertheless, proponents believe that the ability to make exceptions for specific appropriations will allow the state to better respond to economic fluctuations and reduce debt more effectively.
Enabling for
Proposing a constitutional amendment excepting certain appropriations for reducing state debt from the constitutional limitation on the rate of growth of appropriations.
TX HB2338
Identical
Relating to excepting certain appropriations from computations regarding the constitutional limitation on the rate of growth of appropriations.