HOU in ATX: Legislative Update – Week 3
January 27, 2023
Yesterday, the House and Senate filed their initial budget proposals, frequently referred to as the “base bill,” for fiscal years 2024 and 2025. With the Legislature going into session with a record projected fund balance and revenues forecasted to continue at higher levels — a reflection of both recent inflation and a strong economy —…
This week, the Texas House and Senate both approved resolutions that will allow elected officials to raise the lagging salaries of their own staff. Our updated analysis last week showed just how far behind state pay has failed to keep pace with rising costs of living in Austin as well as with acute recent inflation. …