☰ ˟
Agent Appointment  Call Now / 713-227-7283
Logo
  • Home
  • Get a Quote
  • What We Offer
    • Automobile
    • Bonds
    • Business & Commercial
    • Business Owners Policy (BOP)
    • Commercial Auto
    • Dental
    • Earthquake
    • Farm
    • Flood
    • General Liability
    • Health
    • Homeowners
    • Life
    • Limousine
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Trucking
    • Vision
    • Watercraft & Boat
    • Windstorm
    • Workers Compensation
  • Agents
    • Agent Appointment
    • How We Can Help
    • Carrier Appointments
    • Online Payment
    • Get a Quote
  • Policy Service
    • Customer Service Forms
    • Make a Payment
    • Claims
  • Resources
    • View our Blog
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • FAQs
    • Join Our Newsletter
  • About Us
    • About Reliable Insurance Managers Inc
    • Our Locations
    • Employment Opportunities
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact

What can we help you cover!
Bookmark and Share
Home > Blog > Texas Senate committee approves 2-year budget plan
THURSDAY, APRIL 21, 2011

Texas Senate committee approves 2-year budget plan

A Texas Senate committee on Wednesday approved the use of $3 billion from the state's Rainy Day Fund to help bring into balance the $176 billion state budget proposal for the next two years.

In all funds, the Senate plan would still make about $11 billion in cuts, compared to the current budget. But the cuts are much less severe than those in the bare-bones House version.

Bracing for a fight, Republican Sen. Steve Ogden said he's prepared to defend the legislation to get it to the governor's desk.

"This bill keeps Texas government functioning and essential services available to Texans without doing harm to the private sector," he said, shortly after the bill was approved. "It doesn't generously meet the essential needs of Texas, but I think it's adequate and I think in these circumstances adequate is a pretty big deal."

The state is facing a revenue shortfall of at least $15 billion. The hole is partially because of the economic downturn, but a structural deficit in the state's taxing system also has contributed to the gap.

Despite resistance from conservatives, including many in the House and Gov. Rick Perry, Ogden said he couldn't have gotten the bill out of committee without tapping the Rainy Day Fund, the state's reserve fund. The contingency language only allows money from the reserves to be used as a last resort and requires the money be spent on public school operations.

The 11-4 vote sends the 2012-2013 budget to the full chamber for consideration, which Ogden said it will likely do late next week. Three Democrats and one conservative Republican, Houston Sen. Dan Patrick, voted against the budget.

The plan would still underfund public schools by about $4 billion. But the cuts aren't as severe as those approved by the House.

"While this causes pain, it is pain that's bearable compared to House Bill 1 that is unbearable," said Rep. Chuy Hinojosa, a Democrat who served as vice-chair of the Senate Finance Committee.

"We don't have to close out nursing homes. We don't have to move 60,000 elderly out of nursing homes, ... we don't have to lay off hundreds of thousands of teachers."

The Senate plan would cut reimbursement rates to Medicaid providers by 6 percent, compared to more than 10 percent proposed in the House. Nursing home advocates warned that cuts in the House plan would force the closure of hundreds of nursing homes that cater to elderly and disabled residents who depend on Medicaid.

The two chambers will work out their differences after the full Senate has voted.

Three Democrats and one conservative Republican voted against the proposal.

www.reliableins.net

Posted 1:49 PM

Tags: texas, senate, committee, approves, 2-year, budget, plan
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008

  • insurance(133)
  • texas(93)
  • houston(45)
  • to(44)
  • tips(39)
  • katy(39)
  • safety(29)
  • in(23)
  • for(20)
  • auto insurance(19)
  • insurancepro(19)
  • on(18)
  • auto(15)
  • from(15)
  • health(15)
  • policy(13)
  • home insurance(13)
  • business insurance(13)
  • of(12)
  • savings(11)
  • a(11)
  • agency(10)
  • coverage(10)
  • how(10)
  • car(10)
  • houston auto insurance(9)
  • complaints(9)
  • quoting(8)
  • obama(8)
  • texas department of insurance(8)
  • new(8)
  • reports(7)
  • up(7)
  • house(7)
  • homeowners(7)
  • website(7)
  • state(6)
  • more(6)
  • life insurance(6)
  • the(6)
  • what(6)
  • healthcare(6)
  • after(6)
  • renters insurance(6)
  • your(6)
  • tx(6)
  • ways(6)
  • senate(5)
  • work(5)
  • houston car insurance(5)

View Mobile Version

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Reliable Insurance Managers, Inc.
Call:
713-227-7283
We work for you. As a one-stop agency, we continually search for companies that offer great rates and that are easy to work with. Our staff of proven professionals is committed to providing you with the type of exceptional service you deserve and expect.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Make a Payment/ Insurance Glossary/ FAQs
Icon Icon
Icon Icon Icon
Social Icon Social Icon Social Icon Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder