Board sets state funding limit for next 2-year budget
Texas lawmakers will have just under $100 billion to use for the non-constitutional spending portion of state budget for fiscal years 2018-2019. The 10-member Legislative Budget Board, which is charged with adopting a spending limit, met on Dec. 1 and accepted the figure of $99.897 billion recommended by Ursula Parks, director of the LBB. The amount is based on a projected growth rate of 8 percent in the state’s economy. The current 2016-2017 state budget for “non-dedicated” appropriations — funding that’s not mandated by the state constitution — is $92.5 billion.
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