The Texas Legislature has adjourned. Sine die (translated literally "without day" in Latin) has officially arrived at the Capitol.
While the session was far from perfect, there were many positive accomplishments, especially for Texans who are concerned about fiscal responsibility. Let's look at a few pieces of extremely good tax and budget news to emerge out of Texas' 81st legislative session:
1. The 2010-11 biennial state budget will see less than 1 percent growth in general revenue spending. In this age of ballooning government spending, that limited growth rate is refreshing to see.
2. The Texas budget is balanced. Dozens of states around the country, meanwhile, are grappling with multi-billion dollar budget deficits.
3. Texas' Rainy Day fund remains intact, with more than 9 billion dollars set aside for future needs. Many states have no rainy day fund, let alone such a robust balance.
4. Tens of thousands of small businesses will see a tax cut. You can count the number of states that are cutting taxes not on one hand but on just about one finger.
The list of positives extends well beyond budgetary matters. The Governor's ambitious border security agenda will receive a boost, there will be important new investment in education, and Texans will now have a chance to vote eminent domain protections into the state constitution.
For more thoughts straight from Governor Perry, please watch the Governor's press conference for yourself.
Read More…