DALLAS — Texas Gov. Rick Perry said Tuesday the Legislature should keep its hands off the state's Rainy Day Fund, but he declined to say whether he'd veto any move to use the money.
"The truth of the matter is, there's no guarantee we won't be in the same situation in two years," Perry told reporters at a Dallas machine shop, where he touted the virtues of small business. "If we tap the fund now, all we've done is kick the can down the road."
During these tough economic times, Texas employers are working harder than ever to move products to market, make payroll and create jobs. The last thing they need right now is government burdening them with higher taxes and expanded obligations.
That is exactly what the unemployment insurance stipulations in the new federal stimulus bill will do, ultimately increasing the burden borne by Texas employers and directly affecting the people they hire (and those they won't be able to hire as a result).
On Tuesday, I delivered my State of the State address to the 81st Legislature outlining priorities that will preserve our state's strength and security while helping Texans weather the effects of the global economic downturn.
Despite a tightening budgetary outlook, Gov. Rick Perry said Tuesday that he wants to find a way to return some of the state's savings to taxpayers, perhaps in the form of additional school property tax cuts.
Gov. Rick Perry today issued the following statement on the ongoing conflict in Gaza:
“Hamas must cease its attacks on Israel. No other nation on earth would be expected to stand idly by while a neighbor fired missiles and mortars into its cities, but Israel is being held to an unreasonable, irresponsible standard of restraint. Instead, the world community should be united in its support of Israel’s right to defend its citizens and clear in its condemnation of Hamas.
"This investment in Caterpillar will not only create high-paying jobs for Texans, but will strengthen our state's overall economic situation and further diversify our state's economic makeup," Perry said in a statement.
Gov. Rick Perry today announced his support of House Bill 109, which would create a Choose Life specialty license plate to raise funds to assist pregnant women who are considering adoption as an alternative to abortion for their unborn children.
Gov. Rick Perry, Lt. Gov. David Dewhurst and Speaker Tom Craddick today announced that Caterpillar Inc., a Fortune 50 company, will move one of its primary global assembly, test & paint facilities to Texas, creating more than 1,400 jobs. The state will invest $10 million through the Texas Enterprise Fund (TEF) in the company as a deal-closing incentive for the consolidation and movement of its manufacturing and testing facilities to Seguin, which will generate $169.7 million in capital investment. The project is the second largest in terms of job creation and investment this biennium. Texas was in competition with South Carolina and Mexico for this facility.