Senate panel OKs budget for upcoming two-year period
A state budget for fiscal years 2018-2019 cleared the first in a series of hurdles when the Senate Finance Committee unanimously approved committee substitute Senate Bill 1 on March 22.
The legislation next moves to the full Senate for consideration.
“This budget remains a work in progress, but we will continue our work to make the most of every dollar, meet our priority needs and keep Texas moving in the right direction,” said Senate Finance Committee Chair Jane Nelson, R-Flower Mound. “This committee left no stone unturned looking for savings, examining our budget drivers and looking for ways to make smarter use of our limited resources.”
Nelson said the bill establishes a $106.3 billion two-year state budget. Just a few things the measure would do, if enacted, are:
- Continue the current funding formulas for public education;