Texas is defending limited government and economic freedom against a federal leviathan bent on strangling the economy in order to prove the primacy of government. To what extent does the federal leviathan depend on Texas, and how does Texas compare to the rest of the world?
Bigger in Texas: Sizing Up the State’s Finances
Every even-numbered year, the state’s Legislative Budget Board (LBB) publishes a helpful, user-friendly summation of the General Appropriations Act (GAA), otherwise known as the state’s two-year budget. On Wednesday, the LBB published the next iteration—its 2024-25 Fiscal Size-Up. From a 30,000 ft. level, this new report provides “a comprehensive review of how tax dollars were...