Production of crude oil and natural gas has historically fluctuated based on many market-driven and geopolitical factors. Because the Texas Legislature collects severance taxes from this volatile production to primarily fund the state’s rainy day fund, the purpose for and use of the ESF must be worthy.
Economy
Even the Rose Bowl left California in 2020 for Texas. Can the Golden State get anything right?
On New Year’s Day 2021 the 105th Annual Rose Bowl was supposed to be played in Pasadena, California. Instead, it will be played 270 miles north of Pasadena—Pasadena, Texas that is, in the AT&T Stadium in Arlington, Texas. California’s on a losing streak and the eventual loser might well be the state’s governor, Gavin Newsom. Just in the past...
December 31, 2020