Calm down! Recent inflation reports have caused alarm and, frankly, overreaction. The overall Consumer Price Index increased again in May, bringing the rate over the last 12 months to 5.0%. It was the largest 12-month increase since a 5.4% rise observed in August 2008, during the midst of the Great Recession. The index for all items less food and energy rose 3.8%, the largest annualized increase since June 1992.
Over 20 years ago, the Texas Legislature passed the Texas Economic Development Act, which allows school districts to offer tax incentives for businesses that invest in their communities. The Act, commonly called "Chapter 313" because of its position in the Texas Tax Code, fundamentally improved the economic development landscape. Chapter 313 has been extended several times but is now set to expire December 31, 2022.
Dr. Perryman discusses the importance of this bill and what the financial investment will support.
Dr. Perryman explains the merit of this approach, especially as the group was able to recover the payment from the recent Colonial Pipeline hack.
The recent legislative session will not soon be forgotten. The focus was perpetually on anything but initiatives required to move Texas forward. Some high profile measures stalled but will no doubt resurface; others passed.
Dr. Perryman explains the steps needed to ensure Texas can access sufficient power supply in emergency situations.
Dr. Perryman explains necessary measures to create a sustainable path forward for the state that nevertheless went unmet over the course of this session.
Dr. Perryman describes the economic implications and significant risk of passing such a measure.