aircooled wrote:
carguy123 wrote:
....Texas has the strongest economy in the nation....
Probably true, but the state is still facing a huge budget problem. The situation in Texas is a bit different since they do bi-annual budgets and the current budget has spread over the current "crisis"... the next one is the problem.
http://www.businessinsider.com/texas-state-budget-crisis-2011-1
(the article has a bit of slant to it, but I am pretty certain the budget facts are true)
There's been a budget crisis for as long as I've been alive.
One of my good friends is one of the Texas State Representatives. We talk almost daily because he calls me for mortgage info. The budget issue is once again growth related.
There are expected to be as many people added to the population roles as presently reside in Houston in the next couple of years. Add to that the fact that while in most areas we have not had property value declines we also haven't had huge property value increases which gives less of a tax revenue increase than we the projected business and population growth.
Google Texaplex, it's enlightening.
It's a fact they don't pay teachers enough (my daughter's a teacher), but I don't know anywhere that does. This makes education always high on the list of budget issues.
A few years ago they enacted a Robin Hood tax scheme that required all the bigger districts to send their money to the smaller districts that ended up with a surplus of funds while the bigger districts had a shortage. That'll take a while to correct.
But regardless, we've got F!!!!! Wooo Hooo! And to listen to Bernie F1 alone will fill the state's coffers to overflowing.