Senate Finance Interm Report. 6 Nuts & Bolts to Adapt Opportunities.

The Senate Finance Interim Report is available for pleasure reading. If you have a different pleasure reading priority list, here’s what you need to know:

• On the franchise tax: Cutting taxs helps the economy, hurts the budget. 
• On state budgeting: the LBB should release more detailed progammatic information on the state budget.
• On debt: Must be vigilant to control it. Texas should pay down debt when there is revenue to “maximize savings to taxpayers”
• Agency budgets: new buzz words are “incentivize and realize savings to taxpayers”
• Behavioral health: 7 operational recommendations (pg. 70 & 71)
• Sales tax holidays: the economic benefit is not the only purpose behind the sales tax holidays. As long as the sales tax holiday accomplishes its goal, then that’s the metric. 

Senate Finance 84th Legislature Interim Report November 2016