Gov. Perry - A Fiscal Conservative

As the national and global economies struggle to recover from their financial woes, Texas is displaying strength that is built on conservative fiscal discipline.

  • Overcame Budget Shortfall. Back in 2003, Texas overcame a $10 billion budget hole without raising taxes by making tough choices to effectively prioritize and cut spending. Six years later, our Rainy Day Fund is on its way to $8 billion.
  • Reducing Spending. There have been only two state budgets since World War II that cut general revenue spending in Texas, and Gov. Perry signed them both. Gov. Perry has line-item vetoed more than $3 billion in unnecessary spending from state budgets, more than all other Texas governors combined.
  • Cutting Business Taxes. During the 81st Legislature, Gov. Perry called for and signed HB 4765, which exempts small businesses with less than $1 million in gross revenues from the state’s franchise tax, up from $300,000. This is expected to spare 40,000 small local employers from paying any franchise tax, saving them $172 million in taxes, money which now can go to paying employees, expanding their businesses and otherwise bolstering the Texas economy. In 2006, Gov. Perry also signed legislation, which has to date saved Texans an estimated $16.4 billion in property taxes.

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Read Related Press Releases, Blog Posts and News Articles about Gov. Perry's Fiscal Conservative Principles

Gov. Perry Announces TEF Investment Bringing 350 Jobs to Irving

September 22, 2010

Office of the Governor

"It’s a great day to be in Irving as we share news that is great for the local economy and reflective of our state’s overall economic health.

I’m here to announce a Texas Enterprise Fund investment of $1.6 million in Healthcare Management Systems that will lead to the creation of 350 new jobs building on the 671 jobs they already have here in Texas.

Now Healthcare Management Systems, or HMS, was doing what many businesses have been doing in these tight economic times and seeking ways to do business in a more cost-effective fashion.

They looked at the situation in New York City, where their company was headquartered and realized that Texas offered them what they needed to maintain their strong position in their industry.

As a result of their analysis, and a collaborative effort to draw them to Texas, they are consolidating operations from multiple locations and expanding their presence in Texas."

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In Case You Missed It…Who Will Lead The Recovery? Start With Texas

September 13, 2010

Office of the Governor

In ‘The Next Economy,’ a special joint effort by the National Journal and the Atlantic, Texas earned special praise for its economic strength.

Who Will Lead The Recovery? Start With Texas
Sept. 11, 2010
By Josh Freedman

"...when it comes to predicting what place will lead the country to a solid economic recovery, forecasters are all on the same page: Nobody's messing with Texas.

Although the economy has slowed in recent months, the prospects for a robust recovery are still looking up for the Lone Star State. Texas gained 14,000 jobs in June even as employment fell in 27 other states, according to the Bureau of Labor Statistics. That brought Texas's total for the first half of 2010 to 178,700 -- more than twice that of any other state.

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First TV Spot of Fall Campaign-- Texas: Open for Business

Our campaign launched a new television spot today called “Open for Business.”

The spot highlights the economic success Texas is experiencing because of the leadership and pro-growth policies put into place by Governor Rick Perry.

The keys to success? Don't spend all the money. Keep taxes low. Keep regulations fair and predictable. Tort reform to prevent frivolous and junk lawsuits. Fund an accountable education system. Then get out of the way and let entrepreneurs and the private sector do what the private sector does best-- create jobs. Since 2005, Texas has created far more private-sector jobs than all over states combined.

As the Governor continues traveling the state, bringing his positive message directly to Texans, the momentum and excitement of our campaign continues to get stronger every day.

On Twitter? Follow @GovernorPerry for updates from Rick Perry himself, @GovPerry2010 for updates from the campaign, and become a fan of Governor Perry on Facebook to stay up to date on the latest campaign news.

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Fed survey shows slowdown across U.S., continued growth in Texas

September 9, 2010

Austin American Statesman

U.S. ECONOMY

Nationwide recovery lost steam in late summer, Fed survey says

The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest, the Federal Reserve reported Wednesday. The central bank's "Beige Book" survey found the slower growth spreading to more regions of the country.

Of the 12 regions the Fed tracks, economic activity slowed or was mixed in five — New York, Philadelphia, Richmond, Va., Atlanta and Chicago. Activity elsewhere was described as modest or pointed to positive developments. In the Fed's previous survey in late July, only two regions had reported slower growth.

Texas economy still growing, survey by Dallas Fed reports

The economy in Texas and parts of two neighboring states "expanded modestly over the past six weeks," according to a report from the Federal Reserve Bank of Dallas.

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Gov. Perry: Tapco International Breaks Ground on New Manufacturing Facility

September 2, 2010

Office of the Governor

New TEF Investment Bringing 100 New Jobs to Baytown

Gov. Rick Perry today, at a press conference announcing a $675,000 Texas Enterprise Fund (TEF) investment in Tapco International, Inc., credited Texas’ low taxes, reasonable and predictable regulatory climate, educated workforce and investments through the TEF with helping attract jobs and businesses to the state. The company is creating a new manufacturing facility in Baytown, which will create 100 jobs and generate an estimated $26 million in capital investment.

“Today, we break ground on a facility, part of TapcoEnpro’s capital investment in Baytown and Chambers County, that will soon be filled with workers producing equipment for our state’s vibrant energy sector,” said Gov. Perry. “Thanks to investments like the Texas Enterprise Fund, this new manufacturing facility will help enhance TapcoEnpro’s already strong reputation as producers of quality technology.”

“We are pleased that TapcoEnpro has chosen to build their new facility in Baytown, creating good jobs for Texans in this area,” said Roberto De Hoyos, director of the Texas Enterprise Fund. “The Texas Enterprise Fund continues to attract great companies like this one to our state, and in turn, Texas continues to reap the benefits from their commitment to job creation which enriches the local and state economies.”

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Governor pitches school savings incentive in Lubbock

August 31, 2010

Fox 34 News, Lubbock

Nicole Garza

In the midst of the political season, one of the issues most discussed nationwide is education.

In the Lone Star State, Governor Rick Perry is drawing support for a new school savings incentive program.

"Sometimes there are functions that you find a better way to do them, and that's a better way to do them and save money so that those dollars can instead go into the classroom," Perry said.

Participating districts would receive a grant equaling ten percent of the total money they cut from their budget.

Superintendent Karen Garza says there's no doubt, L.I.S.D. can always afford to save a little money, especially if they can earn some of it back.

"There are tight times everywhere and I think people are trying to look creatively at at how we can save money, and this is definitely something that we can look at."

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Job creation: Continuing the Texas success story

Under Gov. Perry's leadership, Texas has outpaced every other state by leaps and bounds in job creation this year and over the past decade. No other state can boast more Fortune 500 company headquarters than Texas with its low-tax, low-regulation, business-friendly economic climate. Texas is consistently applauded as a model for good government and good fiscal policy, even in the wake of a national recession.

Last week, Gov. Perry was proud to announce the creation of about 300 new jobs in the San Antonio area by a Fortune 500 giant. BD (Becton, Dickinson and Company) noted Texas' skilled workforce and stalwart academic institutions as a few reasons it relocated to Texas.

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Bill White for Taxes

Bill White this week signaled his preference for higher taxes and more debt:

Governor Perry, by contrast, has signed the Americans for Tax Reform "Taxpayer Protection Pledge," and rejects raising taxes:

"Bill White’s call for tax increases is the last thing working families of Texas need in these challenging economic times.

“Transportation, border security and education are just some of the issues that will be a priority in the next state budget. However, just as families have to prioritize spending to make ends meet, so too must their government.

“The people of Texas expect their elected officials to reduce spending and practice fiscal responsibility, not raise taxes in search of additional revenues. I will continue to work with the legislature to identify ways to cut taxes so families can keep more of their hard-earned dollars and keep the Texas economy the envy of the nation.”

There is a clear choice in this race. Choose Governor Perry, not tax hikes.

On Twitter? Follow @LiberalBill for updates, and become a fan of Liberal Bill on Facebook to stay up to date on the latest Bill White news.

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12 Weeks.

Just twelve weeks remain until November 2. In another dynamite web video from the Republican Governors Association, Governor Perry and his fellow state leaders from around the country make the case for fiscally conservative governance:

On Twitter, follow @The_RGA for updates from the Republican Governors Association, and follow @GovernorPerry for updates straight from Rick Perry.

Visit http://RememberNovember.com to learn more about how you can get involved!

Remember November.

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Texas: Succeeding. Economic facts you probably won't hear today from the President.

"Blueprint for Recovery: Deep in the Heart of Texas," a web video based on economic figures from nearly a year ago, highlights some of the ways in which Texas is leading the nation, even in these tough economic times. Indeed, it may be even more relevant today:

Nearly a year later, Texas remains the blueprint for America's recovery.

Facts you probably won't hear President Obama mention while he is in the Lone Star State today raising money for Liberal Trial Lawyer Bill White...

* CNBC has ranked Texas America’s Top State for Business, based on their study that scored each state based on 40 different measures of competitiveness. Texas received more points than any other state based on categories including: cost of doing business, workforce, economy, education, quality of life, technology and innovation, transportation, cost of living, business friendliness, and access to capital. (CNBC, July 2010)

* Texas’ major metro areas – Austin, Dallas/Ft. Worth, Houston and San Antonio – were named as America’s Recovery Capitals on a list compiled by Forbes. “Looking for a place to take advantage of the recovery?” Forbes asks. “Try Texas.” (Forbes, June 2010)

* Texas created more private sector jobs than any other state in the nation over the last 10 years. Texas also has the lowest unemployment rate among the 10 largest states in the nation. Additionally, since the beginning of 2010, Texas has created more total new jobs (and more private sector jobs) than any other state in the nation. (U.S. Bureau of Labor Statistics, May 2010)

* Texas has four of top 10 cities for new graduates looking for jobs. (Businessweek, July 2010)

* Texas has five of the top counties for job growth over the last nine years: #2 (Williamson), #3 (Hays), #5 (Fort Bend), #6 (Webb), #7 (Collin). (CNN/Money, July 2010)

For more on how Texas is succeeding under Governor Perry's leadership, see the TEXAS SUCCEEDING fact sheet, below:

Texas Succeeding Fact Sheet

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