4 Spending Cap Limits in Texas Constitution
New LBB publication highlights 4 spending cap limits:
- Debt limit Article III, Section 49 (j)
- Welfare spending limit Article III, Section 51-a
- Pay-as-you-go limit Article III, Section 49a
- Limit on the growth of certain appropriations (a.k.a. spending limit) Article VIII, Section 22
- Spending limit doesn’t apply to all fund streams, only to revenue not dedicated by the Constitution
- Government Code Chapter 316 details how the constititional spending limit work.
[LBB]