The Committee Substitute for Senate Bill 69 appropriately puts in statute a lower sufficient fund balance for the Economic Stabilization Fund (ESF) but inappropriately risks some taxpayer dollars in the ESF to chase higher returns.
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...