Texas state and local governments are expected to spend $18 billion in federal economic stimulus or over $700 for every man, woman, and child in the state; but has all that government spending been worth it? To answer this we examine the growth and decline of some of the state’s major economic indicators since the stimulus came to Texas.
Reinvigorating Federalism and Fiscal Discipline in Texas: Establishing the Office of State Sovereignty
Texas governments received $84.3 billion in federal funding in 2023, raising concerns over financial dependency and regulatory consequences. Creating an Office of State Sovereignty to monitor the application, receipt, and conditions of this aid could mitigate fiscal risk and improve transparency. Key points: Texas lacks a centralized system to oversee federal grants potentially flowing to...