Statement by Gov. Rick Perry on the Comptroller’s Revised Revenue Estimate
Governor Rick Perry today issued the following statement on Comptroller Susan Combs' Revised Biennial Revenue Estimate:
"The revised revenue estimate shows the strength of Texas job creation and economic growth, but it does not mean lawmakers can abandon necessary budget reductions. Just as Texas families and employers have had to tighten their belts during the national recession, so must state government.
"Because of our nation's economic uncertainty, looming federal mandates and possible natural disasters, we must protect the remaining balance of the state's Rainy Day Fund. A budget that drains the Rainy Day Fund, depends on accounting gimmicks or spends more than available revenues is harmful and unsustainable for taxpayers, employers and state lawmakers alike.
"I will not sign a partial state budget or allow it to become law. However, I remain confident we can pass a fiscally-conservative balanced budget in regular session, and will continue to work with the Senate and House to responsibly live within available state revenues."