|FOR IMMEDIATE RELEASE|
|March 21, 2017
Texas State Government Faces Significant,
(AUSTIN) — Texas Comptroller Glenn Hegar today released a special edition of Fiscal Notes highlighting long-term financial obligations facing Texas state government. Prior to the 2017 legislative session, Hegar sent a letter to lawmakers outlining some of these obligations which, if left unaddressed, could negatively impact the state’s credit rating and limit the amount of revenue available for general spending.
The report examines four of these obligations:
“As a former legislator, I know too well the difficulties associated with the budgeting process, as lawmakers attempt to reconcile thousands of competing needs,” Hegar said. “Hopefully this report will be helpful as the Legislature works to put the finishing touches on the 2018-19 biennial budget. Although all of the issues discussed in this report cannot be addressed this session, it is important that Texas continues to take positive steps in each legislative session to address our long-term obligations.”
Fiscal Notes helps promote and further explain the Comptroller’s constitutional responsibilities to monitor the state’s economy and estimate state government revenues. It has been published since 1975, featuring in-depth analysis concerning state finances and original research by subject-matter experts in the Comptroller’s office.