In the midst of a shutdown, state sales tax numbers for March saw a significant drop. Dr. Perryman describes what this means and what can be expected from the coming months.
The comptroller's office has upped the revenue forecast by $500 million, giving lawmakers more money to spend this session.
Lawmakers don't have to take up school funding after the Robin Hood formula was declared constitutional, but Dr. Perryman says essentially local property taxes have become a substitute for state revenue.
As the fiscal year in Texas drew to a close on August 31st, it became apparent that the amount of revenue taken in was almost a billion dollars short of the revised projections.