Some claim that in recent years the state’s budget has not kept up with population growth and inflation. This is not true. In fact, after accounting for the fact that property value increases have reduced state-level spending in public education, state spending is rising, even after accounting for population growth and inflation.
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...