House Appropriations Chairman Jim Pitts gave a preview of the upcoming budget situation. Essentially, the legislature is planning to submit a budget that includes enough cuts to make up the $22 to $25 billion shortfall. Below is an excerpt from the Texas Tribune.
“The initial budget he (Pitts) and his fellow budget writers will present a few weeks from now will eliminate some state agencies, make large cuts to others — “75 or 80 percent,” he said — and might include furloughs of state employees. Lawmakers, at least in that first version, will balance the budget without tapping the state’s Rainy Day Fund.”