The Texas Constitution that is:
Perry proposes amending Texas Constitution to allow state to return excess taxes
Gov. Rick Perry will use his State of the State address to call for amending the Texas Constitution to allow the state to return tax money it collects but doesn't spend back to its citizens, according to an excerpt of the speech released to The Associated Press....
Perry, who is scheduled to deliver the speech Tuesday morning to a joint session of the Legislature, will tell lawmakers that he has "never bought into the notion that if you collect more, you need to spend more."
"Today, I'm calling for a mechanism to be put in place so when we do bring in more than we need, we'll have the option of returning tax money directly to the people who paid it," the governor plans to say. "Currently, that's not something our constitution allows. We need to fix that."
Tuesday marks the seventh time Perry has given the State of the State since taking over for George W. Bush as governor in December 2000. Two years ago, he declared there would be "no sacred cows" immune to deep budget cuts as the state struggled with a $27 billion budget deficit amid an economy still feeling the effects of The Great Recession.Don't hold your breath waiting for that to happen in your blue state.They'll find something they need to spend it on, count on it.
Lawmakers responded by passing deep cuts across-the-board, including slashing $5.4 billion from public schools.
The economic picture has since brightened substantially, with sales tax receipts up, unemployment down and the oil and gas industry humming. Yet early draft budgets proposed in the Texas House and Senate were so austere that they would leave about $5.5 billion in projected state revenue unspent and do nothing to restore the 2011 cuts.