TX
Texas House Bill HB2304

Texas 2021 - 87th Regular

Texas House Bill HB2304

Caption

Relating to the constitutional limit on the rate of growth of appropriations.

Impact

If enacted, HB2304 will specifically influence the procedures and guidelines for budget appropriations in Texas, requiring that growth in government spending not exceed the economic growth of the state. This is expected to impose stricter limitations on state spending, promoting fiscal responsibility. By ensuring that appropriations are directly linked to economic performance, the bill’s implementation could lead to greater stability in the state’s financial management practices.

Summary

House Bill 2304 aims to amend existing statutes relating to the constitutional limit on the rate of growth of state appropriations. It specifically addresses how the limit on appropriations from state tax revenues, not dedicated by the constitution, should be determined. The bill proposes that the growth rate of these appropriations be tied to the estimated rate of growth of the state's economy, as calculated based on population growth and inflation rates. This linkage is intended to ensure that state spending remains aligned with economic indicators, potentially preventing excessive budget growth in times of economic downturns. Moreover, the bill clarifies how appropriations from different sources are categorized and treated under the law, establishing a framework for compliance by the Legislative Budget Board when making budget recommendations.

Contention

Potential points of contention surrounding HB2304 may stem from concerns around fiscal constraints imposed on state agencies and programs that depend on more flexible budgeting. Some legislators may argue that tying state's spending limits too closely to economic indicators could hinder necessary funding for critical services during economic downturns. Conversely, proponents of the bill may view these regulations as vital for ensuring that state spending remains prudent and sustainable, ultimately protecting taxpayers from excessive governmental fiscal irresponsibility.

Companion Bills

No companion bills found.

Previously Filed As

TX HB561

Relating to an annual state budget and legislative budget sessions in even-numbered years and to political contributions made during a legislative session.

TX HJR1

Proposing a constitutional amendment excepting certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR1

Proposing a constitutional amendment excepting certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR4

Proposing a constitutional amendment excepting certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR164

Proposing a constitutional amendment excepting certain appropriations to pay for tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR33

Proposing a constitutional amendment providing for an annual state budget and annual legislative sessions for budget purposes.

TX HJR1

Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes and to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR1

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR2

Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR3

Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes, to increase the amount of an exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

Similar Bills

TX SB9

Relating to the constitutional limit on the rate of growth of appropriations.

TX SB9

Relating to the constitutional limit on the rate of growth of appropriations and appropriations of constitutionally dedicated revenue.

TX HB127

Relating to the constitutional limit on the rate of growth of appropriations.

TX HB41

Relating to the constitutional limit on the rate of growth of appropriations.

TX HB936

Relating to the constitutional limit on the rate of growth of appropriations.

TX HB1025

Relating to the constitutional limit on the rate of growth of appropriations.

TX SB9

Relating to limitations on the rate of growth of appropriations for certain categories of spending.

TX HB594

Relating to a limit on the rate of growth of certain appropriations.