It is inaccurate for anyone to claim that state spending in the House budget is failing to keep pace with population growth and inflation. In fact, even after accounting for the correction of past deferrals, state spending in HB 1 is increasing faster than estimated population growth and inflation. Spending in all areas other than public education is increasing by over 13 percent, five percentage points higher than inflation and population growth are prognosticated to be.
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...